News Formal

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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

As equity markets continue to see upward momentum from the reopening of economies that were under coronavirus lockdown, some may wonder if it's too late to put their money into stocks now.

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Germany is good too

That was their plan...

SahilNisar_ important for your meeting?

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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
Källa: CNBC - 🏆 12. / 72 Läs mer »

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.
Källa: L.A. Times Health - 🏆 364. / 59 Läs mer »