‘Serious Rally’ in Chinese Stocks Possible, Says Eurizon’s Jen

-- Investors should extend the recent stimulus-fuelled gains in Chinese equities and the yuan as well as the decline in the country’s bonds, according to Stephen Jen of Eurizon SLJ Capital.Where Cargo Bikes Are Freeing Cities From Polluting Vans

Jen, who said last month that Chinese companies may be enticed to sell a $1 trillion pile of dollar-denominated assets as the US cuts interest rates, follows investors including billionaire David Tepper in expressing bullishness on China after its government introduced sweeping stimulus measures. With China stepping up at the same time as the Federal Reserve is cutting interest rates, and with oil prices remaining low, risk assets “ought to do very well,” Jen said.Jen, the creator of the “dollar smile” theory which posits that the greenback rises when the US economy is either booming or in a deep slump, expects the currency to trade lower against the euro, yen and yuan, as US inflation slows toward zero and the world’s biggest economy “soft lands.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. stocks tumble, investors pause AI rallyThe benchmark S&P 500 index, Nasdaq and Dow are on track for their biggest daily declines since early August. Shares of chip stocks were hard hit, with AI...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

JPMorgan ditches call to buy Chinese stocks, citing ‘Tariff War 2.0’ riskBank downgrades country to “neutral” from “overweight”
Source: globeandmail - 🏆 5. / 92 Read more »

Chinese Stocks on Verge of Five-Year Low as Recovery Hopes Fade(Bloomberg) -- Chinese stocks are on the brink of falling to a five-year low seen in February as bearish sentiment grips the market amid a lack of earnings...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Canadian dollar edges up from 2-week low as stocks rallyThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Premarket: U.S. stocks, dollar defensive, bonds rally as Harris harries TrumpOil prices rise 1.5% on concerns hurricane hits output
Source: globeandmail - 🏆 5. / 92 Read more »

US stocks and dollar defensive, bonds rally as Harris harries TrumpThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »