UBS's Panseri Says Brexit Uncertainty Will Be Damaging

The transcript discusses the potential impacts of a prolonged Article 50 extension on UK assets, highlighting investor concerns about Brexit-related uncertainties. It examines the effects of Brexit on European markets, particularly financials, and the challenges posed by negative interest rates on European banks. The discussion also covers the economic recovery in Europe, emphasizing the need for positive data from both the eurozone and China. Finally, it addresses investor concerns about trade, global growth, and monetary policy.

What is the significance of clarity regarding Brexit outcomes for UK assets?

How does the text describe the relationship between negative interest rates and the performance of European banking stocks?

What factors are necessary for further growth in eurozone stocks according to the discussion?