The UBS strategists remain bullish on global equities, despite the looming risks of coronavirus and rising price pressures.

Key quotes

“While mindful of risks around COVID-19 variants and inflation, we keep a positive outlook on stocks for the start of 2022.”

“Global economic growth is likely to remain above trend for the first half of 2022, monetary policy is still accommodative, even if emergency support measures are being scaled back, and we expect 10% growth in global corporate earnings in the year ahead.”