# UBS On-Air: Paul Donovan Daily Audio 'Market moves more than economic shifts'

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Text version: https://stenobird.com/podcast/ubs-on-air-market-moves-2992243/ubs-on-air-paul-donovan-daily-audio-market-moves-more-than-economic-shifts.md
Podcast: [UBS On-Air: Market Moves](https://stenobird.com/podcast/ubs-on-air-market-moves-2992243)
Published: 2026-06-08T07:15:00+00:00
Episode link: https://www.ubs.com/content/dam/podcasts/wma/260608-market-moves-more-than-economic-shifts.mp3
Audio file: https://www.ubs.com/content/dam/podcasts/wma/260608-market-moves-more-than-economic-shifts.mp3
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Duration seconds: 146

## Resource

Bond and equity markets have weakened in Asian trading. There seems to be no single cause, rather a general sense of increasing risk. Economically, the drop in equities is not that significant—in theory, there might be negative wealth effects, but this is too small a move and most consumers have been relying on lowering savings rates, not equity liquidation to finance their consumption.

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## Transcript

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