UBS trading desk: raises price targets for S&P 500, MSCI China Index and Hang Seng Index for 2025.

Wisdom Finance APP learned that recently, UBS updated its outlook on the S&P 500 index, believing that there is a higher possibility of the index rebounding and surpassing the historical high of 6144 points, compared to the possibility of retesting the low of 4835 points earlier this year. This change in viewpoint is not only based on the improvement in risk appetite brought about by the improvement in the US-China trade situation, but also on the optimistic expectations for the earnings upgrade cycle. UBS points out that if the peak of tariffs has been reached, interest rates return to normal, and progress in tax reform and relaxation of banking regulations occurs ahead of schedule in May, investors can overlook the widely expected macroeconomic data downturn this summer. It is worth noting that after an unexpectedly strong first quarter report, there are signs of stabilization in the breadth of revisions to earnings expectations (i.e. the ratio of analyst upgrades to downgrades), and it may have even reached a bottom.