Economists of the asset management division of UBS bank reported that they revised down the rating of eurozone stocks, and now it is at the "neutral" level. They justified their decision on the possibility of worsening forecasts for economic growth in the eurozone and corporate reporting against the background of escalating geopolitical tensions in Ukraine.
Economists also revised their tactical position on global stocks to neutral, but at the same time noted that Chinese stocks look more attractive compared to other Asian markets.
"Historically, geopolitical events — even those that changed the course of history - rarely left a long-term mark on the markets. But due to the volatility of the markets and high uncertainty, investors should now reconsider the allocation of portfolios," UBS said.