Egypt Crisis: UBS note that Global equities and commodities still warrant an overweight allocation despite recent political unrest in Egypt. Barring a widening crisis in the Middle East, or a disruption of energy supply and transportation, house expects improving global economic growth, strong corporate earnings and an increasingly friendly corporate finance environment to drive risk assets higher in 2011….
Nevertheless, UBS says it''s reasonable to expect global investors to remain cautious and pare back risk exposures while the Egyptian crisis is unresolved. Cites investor concern about the possibility of shipping in the Suez Canal being disrupted, political unrest spreading in the Middle East or North Africa, or Egyptian politics becoming radicalized
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