UBS Global Wealth Management lifts global equities stance to 'attractive'
FILE PHOTO: A trader works on the trading floor at The New York Stock Exchange (NYSE) following the Federal Reserve rate announcement, in New York City, U.S., September 18, 2024. REUTERS/Andrew Kelly/File Photo
UBS Global Wealth Management raised its stance on global equities to "attractive" from "neutral", citing resilient U.S. economic growth and the monetary policy easing by major central banks.
"Economic growth is remarkably resilient and central banks have been proactive, giving us confidence the supportive backdrop has more room to run," said UBS analysts in a note dated Thursday.
Source: Reuters
