, the eurozone is now at the forefront of concerns around end-demand leaning against global risk sentiment, Innes said.Here's the 6 killer pieces of advice for trading European stocks after the US election, from investment giants UBS and Barclays
Although the new measures to restrict movement have hit stocks and oil hard, this effect may prove to be fairly short-lived, according to UBS. "While local restrictions to control the pandemic will be a drag on growth, we see several reasons to expect the effect is likely to be more limited than in the first half of the year," said Mark Haefele, chief investment officer at UBS Global Wealth ManagementAs a result, we believe the setback to risk assets is likely to be relatively short-lived and investors should stick to their financial plan. We continue to see upside over the medium term.
With ten vaccine candidates in late-stage trials globally, UBS expects restrictions to be lifted by the second quarter next year, which would help corporate earnings recover to pre-pandemic levels by the end of 2021. The Swiss bank also expects another sizeable fiscal stimulus to pass regardless of who wins the presidency.that Joe Biden would"consult allies" on the future of US tariffs on China if he gets elected.
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