Investing.com -- Stocks have a more supportive backdrop thanks to upbeat US economic data, the potential impact of recent Chinese stimulus measures, and the prospect of global interest rate reductions, according to analysts at UBS.
Elsewhere, Chinese officials have rolled out a string of stimulus measures designed to reinvigorate sluggishness in the world's second-largest economy, although markets remain hopeful Beijing will introduce even more forceful aid. "We believe the environment remains constructive for US equities," the UBS analysts said in a note to clients.
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