UBS has projected that emerging market equities are expected to achieve low-teen returns by the end of 2025, while also forecasting a challenging year for the European stock market. The bank anticipates nearly a 9% downside risk for European stocks, predicting that the Stoxx 600 index could fall to 470 by the end of 2025. Additionally, UBS has advised against purchasing shares in automotive companies Forvia and Valeo due to the anticipated difficulties in the auto sector in 2025.