UBS lifts global equities view to 'attractive' on AI boost
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UBS Global Wealth Management has upgraded its view on global equities to 'attractive', driven by anticipated productivity gains from AI investments and favorable policy conditions. The firm noted ongoing structural trends and strategic partnerships in the AI sector, contributing to a positive outlook for capital expenditure and revenue. The MSCI World Index has risen approximately 15.5% since April, reflecting optimism about interest rate cuts by the U.S. Federal Reserve. UBS also raised its 2025 target for the S&P 500 to 6,900, indicating a potential 4% upside from current levels.
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