UBS On-Air: Market Moves

Tune in at the start of the trading week ahead of the New York opening bell as Ulrike Hoffmann-Burchardi, CIO Americas and Head of Global Equities for UBS Wealth Management, briefs you on what’s the signal, and what’s just noise in the markets. Recorded on 19 January 2026.

Events around Greenland have four main areas of market focus. Threatened US tariffs appear more serious than those relating to Iran, and may be overturned by the US Supreme Court. However, they imply US consumer prices of goods from the EU and UK will increase 4% to 10% (within about six months). This may reinforce the narrative of the US affordability crisis.

Steve Chiavarone is Deputy Chief Investment Officer for Equities, Senior Portfolio Manager, and Head of the Multi-Asset Group at Federated Hermes. Steve drops by the 1285 podcast studio in New York to share his thoughts on the current macroeconomic environment, and investment views across asset classes. We also touch on expectations for the Q4 corporate earnings season, monetary policy in 2026, and investment risks to be mindful of. Host: Daniel Cassidy

The US has long been the birthplace and powerhouse of private equity, accounting for over half of global fundraising and setting the pace for the industry worldwide. But Europe’s private equity market is developing fast, even as global economic headwinds persist. What’s driving the shift of economic activity away from public markets, and where are the most promising opportunities for investors on the continent today? In this episode of “Across the Pond,” special guest Viral Patel, CEO of Blackstone Private Equity Strategies, joins hosts Christopher Swann and Belinda Peeters, along with Antoinette Zuidweg, CIO alternatives investment strategist, to discuss the evolution of private equity in Europe, the future of the 60-40 portfolio, and how investors can navigate the changing landscape on both sides of the Atlantic.

Taiwan has made an agreement with the US that will see US importers paying a 15% tariff on Taiwanese products. The 15% number might have additional significance—if the US Supreme Court rules some tariffs illegal, one alternative route is for President Trump to impose a universal 15% tariff. Taiwan pledged to increase investment in the US—some of this will be already planned investment, and markets have learned not to take such announcements as definitive.