In the first half of 2018, global stocks managed to grind higher with upward pressure from strong economic growth and earnings winning out over a host of political and economic concerns. Risks, notably from heightened trade tensions, will remain in the second half of the year, as well as worries about Eurozone growth slowing after the European Central Bank withdraws quantitative easing and the U.S. economy overheating.
Mark Haefele, UBS Chief Investment Officer, Global Wealth Management, provides more analysis in UBS House View.
