UBS has upgraded Indian equities to Attractive, citing a cyclical turnaround and structural growth potential. Meanwhile, the report highlights RBNZ hawkishness and ECB inflation concerns.
Key Takeaways
- 1.UBS has upgraded India equities to 'Attractive' based on easing macroeconomic headwinds and projected double-digit earnings growth.
- 2.The New Zealand dollar has surged following a hawkish RBNZ rate hike, with expectations of further tightening.
- 3.ECB meeting minutes suggest a hawkish stance on inflation, though the bank is proceeding with caution regarding further rate hikes.
Table of Contents
- Why we are upgrading India equities right now
- Earnings and valuations are turning more supportive.
- Structural tailwinds remain compelling.
- Caught our attention
- Market update
- Appendix
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Authors
Min Lan TanMark HaefeleHartmut IsselJon GordonMaelle QuillevereChristopher Swann
Securities
NIFTY
Themes
AI investment cycleEnergy prices and inflation
Regions
Asia PacificEuropeIndiaNew ZealandGermany