International Report: Oil prices expected to rise to $ 85 in 2019
UBS expects oil prices to rise to $ 85 over the next six to twelve months, boosting expectations for the Middle East.
CIO, which enters UBS's global wealth management, believes that the recent selling of crude oil prices is overstated, stressing that investors should continue to diversify globally to avoid political risks not in the emerging EMEA, Eurozone, , Which is due to graduate from the European Union next year.
Investors will have to face additional volatility in order to get more opportunities in 2019. Global economic growth will slow to 3.6 percent from 3.8 in 2018, and corporate profits will grow at a slower rate.
UBS said in a report that a recession in 2019 is still unlikely, noting that the prices of many financial assets have already moved to reflect uncertain expectations.
CIO believes that investors should diversify and hedge their portfolios to protect them against volatility, political and other risks, and should take advantage of growth in areas such as sustainable investment and investment, and packages of value where asset prices are significantly low.
"Investors should keep their positions in global equities, with market volatility planned, slowing economic growth and profit growth does not mean there is no growth," said Mark Heveli, chief investment officer at Global Wealth Management at UBS. "Recent sales have left a number of assets Have been evaluated more favorably, but investors should also consider the tense geopolitical environment and tight monetary policy. "