Reported 4 months ago
UBS raised its year-end 2024 forecast for the MSCI All Country (AC) World index to 830 from 800, citing factors like improving equity risk appetite, optimism around artificial intelligence, and a potential slowing of U.S. wage growth. The brokerage's forecast indicates a 6% 'upside' potential for the benchmark index, driven by expectations of monetary policy easing, weaker global economic data, and positive sentiment towards AI. UBS also highlights the impact of factors like earnings revisions and a pause in U.S. interest rates on the global equity market.
Source: YAHOO