UBS Global Wealth Management has upgraded its outlook on global equities to "attractive," driven by resilient U.S. economic growth, easing monetary policies from major central banks, and an AI boom. The MSCI world equity index has surged 16.3% this year, with further stimulus from China expected to bolster global stocks. While technology is projected to lead earnings growth, potential risks from the upcoming U.S. elections could impact market stability.
UBS Global Research has raised its year-end target for the S&P 500 to 5,850 points, up from 5,600, citing corporate profit growth and a supportive macroeconomic environment. The index has surged 22.85% in 2024, reaching a record high of 5,859.85 points. UBS also increased its 2025 target to 6,400, anticipating further gains driven by technology stocks and a series of interest rate cuts by the Federal Reserve.
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