UBS On-Air: Market Moves

Following the recently announced historic oil agreement between the United States and Venezuela, there are many open questions around how and when a deal will ultimately come together, along with the implications to energy markets and global investors. Alejo Czerwonko, Chief Investment Officer for Emerging Markets from the UBS Chief Investment Office, provides some clarity around these questions, and background on this notable development. Host: Daniel Cassidy

Low level fighting in the Gulf war is keeping oil prices at a higher level. The United Arab Emirates (which was attacked by Iranian drones yesterday) suggested that this situation cannot be sustained. However, the longer this situation continues, the more it will alter economies in the region—with implications for post-war costs.

As the Congressional summer recess concludes and lawmakers return to Washington DC, there is no shortage of agenda items to address, in parallel to efforts on the campaign trail ahead of the US midterm elections in November. Shane Lieberman, Senior Governmental Affairs Advisor from Governmental Affairs US, outlines the legislative priorities of Congress, along with shares what the latest polling is pointing to. Host: Daniel Cassidy

As we head towards the unofficial end of summer, markets continue to be supplied with ample news to digest - spanning policy developments out of the recent Jackson Hole Economic Symposium to key inflation and labor market datapoints on the horizon. Jason Draho, Head of Asset Allocation for the Americas from the UBS Chief Investments office, discusses these factors and what it all means for CIO’s investment outlook. Host: Daniel Cassidy

The US and Iran have been trading missile exchanges in the Gulf, pushing oil back over USD 90 per barrel. US President Trump posted a AI-generated video of Kharg Island being destroyed, but there appears to have been no attack in the Iranian facility and the muted nature of the hostilities has created a muted market response.