Market can rally further from here, says UBS

Investing.com -- UBS analysts see room for further gains in equity markets, buoyed by solid fundamentals and supportive macroeconomic data.by 0.3% this week—UBS points to a robust U.S. economy and the potential for Federal Reserve rate cuts as grounds for optimism.U.S. third-quarter GDP data revealed annualized growth at 2.8%, driven largely by consumer spending, which rose at a 3.7% rate, UBS noted.

This aligns with an annual GDP growth average of 2.5% over the past five years, based on recent BEA revisions, UBS analysts explained. These figures indicate the U.S. economy is on a sustainable growth path, limiting recession risks in the near term. “We expect 50 basis points of rate cuts for the rest of this year and a further 100 basis points of easing in 2025,” UBS stated, adding that past Fed rate cuts during periods of non-recession have historically benefited equities.UBS favors AI-linked semiconductor stocks and U.S. megacaps for their growth potential. With rate cuts on the horizon and AI as a growth driver, UBS remains bullish on U.S. equities, setting an S&P 500 target of 6,600 by the end of 2025.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Campaigners want UBS barred from US pension market, Sueddeutsche Zeitung saysCampaigners want UBS barred from US pension market, Sueddeutsche Zeitung says
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

US election uncertainty is no reason to exit the market: UBSUS election uncertainty is no reason to exit the market: UBS
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Chinese Stock Market: A 'Bear Market Rally' Could Be on the HorizonStocks Analysis by Charles-Henry Monchau covering: Nasdaq 100, Gold Spot US Dollar, S&P 500, US Small Cap 2000. Read Charles-Henry Monchau's latest article on Investing.com
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Prosecutors Charge Four Crypto ‘Market Makers,’ Employees With Market Manipulation, FraudCheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.
Herkunft: CoinDesk - 🏆 291. / 63 Weiterlesen »

Streamline Strategic M&A Decisions with a Market Intelligence Platform - SPONSOR CONTENT FROM S&P GLOBAL MARKET INTELLIGENCESponsor content from S&P Global Market Intelligence.
Herkunft: HarvardBiz - 🏆 310. / 63 Weiterlesen »