Episode
UBS On-Air: Paul Donovan Daily Audio 'Idle speculation'
- Podcast
- UBS On-Air: Market Moves
- Published
- May 27, 2026
- Duration seconds
- 168
- Processing state
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Summary
The embarrassing lack of economic information leaves markets prey to idle speculation, rather than the pure and objective guidance that economists can offer. Yesterday’s exchange of fire between Iran and the US has not had a major market impact—it fits with Iran’s narrative on negotiations (which is what markets have priced), and keeps the optimism bias more or less intact.