UBS: 2026 SET FOR BROADER GLOBAL STOCK RALLY UBS expects global stocks to keep rising in 2026, with gains spreading beyond tech into cyclical sectors and regions. The bank remains positive on equities, citing AI, easing tariff risks, expected Fed rate cuts, and supportive fiscal policy worldwide. UBS forecasts nearly 12% earnings growth for global stocks next year and favors diversification, especially banks, U.S. consumer discretionary, and European industrials.(*Walter Bloomberg)