Previous close | 32.33 |
Open | 32.33 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 460.00 |
Expiry date | 2024-06-21 |
Day's range | 32.33 - 32.33 |
Contract range | N/A |
Volume | |
Open interest | N/A |
The brokerage's current forecast gives a 6% 'upside' potential by the end of the year for the benchmark index, which is used to gauge the broader global equity market performance. Expectations of monetary policy easing by major central banks, weaker global economic data and euphoria around AI has supported global equities this year. On the AI front, UBS added, "If GenAI pushes up productivity growth by 1% from 2028, then the equity risk premium is 4.7%."
A remarkably light economic data and events calendar in Asia on Thursday will allow investors to chew over the rise in U.S. and global bond yields that appears to be gathering pace, strengthening the dollar and tightening financial conditions. The MSCI World equity index fell 1% on Wednesday and the MSCI Asia ex-Japan index slumped 1.6%, its biggest fall in six weeks. Reserve Bank of Australia's deputy governor Sarah Hunter is scheduled to speak, Australian home building approvals data will be released and Taiwan revises first quarter GDP.
Quality ETFs often provide a hedge against market volatility and uncertainty.