Following months on global stock market may be as positive as November
16:00
The following months on the stock market may be as positive as November, which was the strongest month in history, wrote Mark Haefele from UBS bank in the report.
The bank expects the introduction of vaccines to support the economic recovery, boost corporate earnings, and further gains in stocks, led by more cyclical parts of the market.
"Despite the 12 percent increase in global equities in November, which was the strongest month in history, we believe that the coming months will be just as positive. Our main scenario is a 6 percent return on shares in the next six months," Mark Haefele, Chief Investment Officer Global Wealth Management at UBS, wrote.
He added that in a more optimistic forecast assuming the rapid distribution of vaccines in developed markets, the bank expects 12 percent of growth.
Haefele indicated, inter alia, for a shift towards global small-cap companies. Although they increased by 15 percent since the beginning of November, still lagging behind by 2 percentage points from the beginning of the year. Global value has also increased by 15 percent from the beginning of November, but to date remains 4 percent.\ lower than at the beginning of the year.
"UK equities remain our most-chosen region, which has risen 12 percent since the beginning of November, but still remains 13 percent below their level since the start of the year," UBS representative noted.
(PAP) https://stooq.pl/n/?f=1394040&c=1&p=4+22
