U.S., European Stocks Favored: UBS Wealth's Tay

June 20 (Bloomberg) -- Kelvin Tay, chief investment officer for South Asia Pacific at UBS Wealth Management, talks about U.S. and European stocks. Tay also discusses the impact of the political unrest in Iraq on global financial markets, and Federal Reserve policy. He speaks from Singapore with Angie Lau on Bloomberg Television's "First Up." (Source: Bloomberg)

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