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Expertise 26.03.2020

Gold: Explosive appreciation potential

Our Global Head of Forex Strategy Peter Kinsella discusses the evolution of our gold outlook over the last few months and provides an update on the current climate surrounding COVID-19.

Expertise 20.03.2020

"Whatever it takes": fiscal edition

Spotlight - With the US and broader European economies entering the ‘acceleration’ phase of their respective COVID-19 infection cycles, fiscal policymakers across Europe and the United States have begun outlining plans to bear down on this growing shock to demand and confidence.

Expertise 19.03.2020

Update on China’s Economy and Fed’s Backstop

Has China turned the economic corner or will Europe and the US keep dragging it down?

Expertise 18.03.2020

COVID-19 and the US dollar

Our Global Head of Forex Strategy Peter Kinsella discusses the impact of COVID-19 on the US dollar and on the wider currency universe.

Expertise 12.03.2020

Oil prices: implications for FX markets

Our EM macro and FX Strategist Koon Chow and our Global Head of Forex Strategy Peter Kinsella discuss the steep decline in the oil price and its significant implications for FX markets.

Expertise 11.03.2020

Frontier debt: a compelling investment opportunity

We believe frontier markets offer a compelling long-term investment opportunity: the combination of faster average growth rates, mostly manageable debt loads, and higher yields is what makes them attractive.

Expertise 05.03.2020

A Covid-19 framework for markets

Spotlight - The 2002-2003 SARS outbreak framework that most, including ourselves, were drawing upon to anticipate the trajectory of the COVID-19 coronavirus outbreak requires an adjustment following the failure of authorities to contain the contagion to the Asian continent.

Expertise 27.02.2020

The viral demand shock goes global

Spotlight - With the failure of authorities to contain the coronavirus contagion to within China or even Asia, the prospect of a more sustained demand shock for global economies has emerged. This poses the potential for elevated risks for investors looking ahead.


Expertise 21.02.2020

Is a COVID-19 containment-induced recovery realistic?

With uncertainty still lingering around the COVID-19 outbreak, we recommend a defensive strategy at current valuations and consider a severe economic decline but a well-priced V-shaped rebound in the markets.

Expertise 19.02.2020

Changes in consumption patterns

Despite being fast-moving and quite unpredictable, changes in consumption patterns are expected to reshape the economic landscape.

Expertise 17.02.2020

EM currencies in the wake of the coronavirus

Since the beginning of the year, most emerging market currencies have registered losses against the USD.

Expertise 24.01.2020

Gaming - Game on!

Now more than ever, video gaming is at the heart of the entertainment industry.

Expertise 17.01.2020

China’s Macro, Equity and Credit Outlook

After several years of investments, regulatory implementation and competitive bidding, 5G deployment is finally accelerating.

Expertise 15.01.2020

China’s Macro, Equity and Credit Outlook

Despite heightening military confrontation between the United States and Iran, China equities enjoyed a solid start in the new year.

Expertise 09.01.2020

EM opportunities in 2020

Podcast - We see a more helpful economic climate for EM, at least going into the early part of the year, with some signs of growth stabilisation and less pressure on exports.

Expertise 06.01.2020

Hong Kong: Market Valuation Amid Local Recession

After a global slowdown in 2019, UBP expects world growth to stabilise on a moderate trend in 2020 (up 2.4% vs. 2.3% in 2019).