UBS On-Air: Market Moves

Shane drops by to outline the closing messages of Congressional and Gubernatorial candidates with just days to go before Election Day, along with an assessment of current polling. Plus, a look at the Pentagon’s plans to update the continuity and operational resilience strategy of military bases across the US. Featured is Shane Lieberman, Senior Governmental Affairs Advisor, Governmental Affairs US. Host: Daniel Cassidy

European Central Bank President Lagarde's decision to resign early (perhaps to spend more time doing book tours) was not unexpected, even if the timing was uncertain. The succession process is driven by political horse trading, not tests of competence.

Following this week’s FOMC policy meeting, Andrew Dubinsky, US Economist from the UBS Chief Investment Office, drops by to share timely reflections and CIO’s outlook for monetary policy. We also touch on the Q3 US GDP print, and take a health-check on the overall US economy ahead of Election Day. Host: Daniel Cassidy

On this week’s episode, Burkhard shares takeaways from a recent visit to the Gulf States and highlights how governance continues to attract investments, technology, connectivity, and more (despite recent geopolitical disruptions). Burkhard then takes us to Europe to outline why a structural investment case exists (though not where you might expect). Plus, a review of factors that support continued strong performance across European markets.

There were no surprises from the US monetary policy decision. At the press conference, Federal Reserve Chair Warsh signaled a desire to reduce the number of policy meetings in 2027—less policy flexibility at a time of economic and political turmoil is an interesting choice. The way is still open for further rate increases.