UBS sees Asia as 'the only region' with positive earnings growth this year

There's one bright spot, according to the co-head of asset allocation at UBS Global Wealth Management's Chief Investment Office, Adrian Zuercher, who remains bullish on Asia.

"We are overweight Asian ex-Japan equities at this point," Zuercher told CNBC's "Street Signs" on Wednesday. "I think for us, that's the only region that will have positive earnings growth this year and also next year, double digit earnings growth." Zuercher's comments came as global markets saw a strong rally in recent days, with positive momentum building over developments such as the easing of lockdown measures that left global economies at a virtual standstill.

Since the start of June, the MSCI Asia ex-Japan index has jumped 6.07%, according to data from Refinitiv Eikon. Still, it has struggled to reclaim earlier highs, with the index more than 8% lower on a year-to-date basis.

Germany is good too

That was their plan...

SahilNisar_ important for your meeting?

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Asia stocks rise as optimism remains over economic recovery from coronavirus pandemicStocks in Asia rose in Thursday morning trade as optimism over the economic recovery from the coronavirus pandemic continued to keep investor sentiment afloat. Bank of Japan reduce ETF purchases in May
Fonte: CNBC - 🏆 12. / 72 Leggi di più »

How a Hollywood VFX business built a tool to fight COVID-19Culver City-based Zoic Studios, which produces visual effects for film and TV, sees growth in its Zoic Labs, which brings VFX skills to COVID-19 research.
Fonte: L.A. Times Health - 🏆 364. / 59 Leggi di più »