“The most important thing an investor can do is to be invested, rather than sitting on the sidelines ... we see further upside potential in global equities.'
Investors are once again grappling with myriad factors, hopes and fears, but U.S. stocks look set to open higher on Monday.
The analysts, led by chief investment officer Mark Haefele, said three narratives were currently driving markets; the ‘Fed story’ — ongoing central bank stimulus — the second-wave story, and the U.S. election story. Fears of a second coronavirus wave have come to the fore in recent days, with spikes in Beijing, Germany and a number of U.S. states. The UBS team said that U.S.-China tensions fed into the election narrative, which would come into focus over the next four months.
American Airlines AAL, -5.95% said on Sunday it plans to raise $3.5 billion in new financing to boost its liquidity amid the coronavirus pandemic and the subsequent collapse in travel demand.
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