Goldman Sachs upgrades global equities to 'overweight'

Goldman Sachs on Monday upgraded its stance on global equities to "overweight" from "neutral" over the three-month horizon, citing a resilient U.S. economy, supportive valuations and a more dovish Federal Reserve.

"We think that good earnings growth, Fed easing without a recession and global fiscal policy easing will continue to support equities," Goldman analysts said in a note.