UBS Global Wealth Management lifts global equities stance to ‘attractive’

(Reuters) – 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.