JP Morgan says Asian stocks will struggle to move much higher from here

  • 📰 CNBC
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

'I think most of the gains for this year in Chinese as well as Asian equity markets are already behind us,' said Mixo Das, Asia equity strategist at J.P. Morgan.

Stock markets in Asia have already given investors most of the returns they can get this year — and shares prices in the region may struggle to grow much more for the rest of 2019, J.P. Morgan said on Tuesday.

"I think most of the gains for this year in Chinese as well as Asian equity markets are already behind us. From here, it's going to be more of a difficult slog. We still see gains but it's going to be a much more volatile process," he added. Das' assessment on Asian markets contrasted with a number of other strategists who said that Chinese stocks, in particular, could climb higher given signs of economic recovery. Stefan Hofer, chief investment strategist of LGT Bank, is bullish about Chinese equities and told CNBC they could potentially rise by as much as 15 percent more.

He added that a potential deescalation in trade tensions between China and the U.S., and early signs of a turnaround in the Chinese economy, mean investors may still want to stay invested in stock markets there.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

As long as they stay where they are, we are happy already

So what we're saying is that JP Morgan has shorted the Asian markets and is now marketing their strategy to lock in those sweet gains. Ummhmm. stocks markets investing

hahahahah scaring retail away from some OTC available gems. classic JP Morgan. Dumb motherfuckers who let these bashers manage their money will enjoy buying my $xiacf bags after they pump x3

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

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

Stocks making the biggest moves midday: Disney, JP Morgan Chase, GrubHub & moreThese are the stocks posting the largest moves midday Friday. Disney plus doing wonders
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves premarket: JP Morgan, Apple, Disney, Boeing, Tesla & moreSome of the names on the move ahead of the open. Its context
Source: CNBC - 🏆 12. / 72 Read more »

JP Morgan Chase is set to report first-quarter earnings – here's what the Street expectsBank stocks under-performed the broader market in the first quarter after the Federal Reserve said in March that it was pausing rate hikes for the remainder of the year. 9 Wall Street Execs Who Cashed In on the Crisis. Meet the moguls who made out like bandits. (NO JAIL TIME) BIG FAT BONUSES.!! 2008.!! TAX CUTS TO THE RICH DON'T WORK!! WHEN YOU DON'T PUT THESE SOB'S IN JAIL YOU GET MORE OF THE SAME.!! katieporteroc
Source: CNBC - 🏆 12. / 72 Read more »

J.P. Morgan tops earnings estimates, stock climbsJPMorgan Chase & Co. on Friday said its profit rose 5% and topped expectations on the strength of its consumer bank. The nation's largest bank by assets... Which means good ol' Jamie Dimon has more to spend on cryptocurrency, right? (Anyone?!) Investeraren Relatively
Source: MarketWatch - 🏆 3. / 97 Read more »

Financial stocks getting a big boost after J.P. Morgan Chase, Wells Fargo earnings beatsFinancial stocks are on track for a broad rally Friday, as better-than-expected first-quarter earnings reports from sector heavyweights J.P. Morgan Chase...
Source: MarketWatch - 🏆 3. / 97 Read more »