Energy

UBS says stocks have 5% to 10% further to run, but watch out for this yield level

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A sign of Swiss banking giant UBS is seen at a branch in Zurich on October 26, 2018.

Fabrice Coffrini | AFP | Getty Images

UBS Global Wealth Management sees 5% to 10% upside for global stock markets, with emerging markets, financials, energy stocks and small caps best placed to capitalize.

In a monthly investment call Tuesday, U.K. CIO Caroline Simmons said analysts had a particular preference for emerging markets in Asia and China in particular. She also backed cyclical and value stocks — those whose performance will coincide with economic recovery or those with valuations lower than their financial position would justify.

This is based on expectations that the economic recovery will…



Source cnbc.com

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