UBS On-Air: Market Moves

While on a visit to Portugal, Burkhard drops by to highlight the factors that have contributed to the country’s economic success, and what investors should know. Burkhard also reflects on the Fed Chairman Kevin Warsh’s Jackson Hole Economic Symposium speech last Friday, and how markets responded.

Crude oil prices continue to move higher amid ongoing fighting in the Gulf. US gasoline prices have not moved much higher, because they did not move much lower when crude oil prices fell. US President Trump’s seeming willingness to overlook record low approval ratings and the threat of losing the midterm elections is challenging markets’ optimism bias.

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