NewsHK
strategists have raised their three-month outlook on global stocks to overweight from neutral, citing a supportive earnings environment for markets trading near all-time highs.
The move aligns the bank's short-term stance with its existing bullish view over a 12-month timeline.
Christian Mueller-Glissmann, who leads the strategy team, noted that equity prices have become less demanding after higher oil prices and bond yields stalled the recent rally, while the profit outlook remains healthy.
In a recent note, Mueller-Glissmann observed that ongoing profit expansion continues to underpin equity valuations.
Keep reading