The global economy is ‘bottoming out,’ and that’s good news for stocks, says Deutsche Bank

December has kicked off with upbeat news on Chinese factory activity. Who knows? That traditional December rally may not just be some fairy tale of New York.

They expect global growth of 3.1% this year and next; the U.S. expanding 2.3% in 2019, and dipping to 1.7% in 2020; Chinese growth slowing from 6.2% this year to 5.9% the next; and the eurozone ending at 1.1% this year, then falling to 0.8% in 2020. Emerging market economic growth will hit 4.4% next year, from 4% this year.

The buzz Market gains were trimmed after U.S. President Donald Trump threatened steel tariffs on Brazil and Argentina in a tweetstorm.

This is why DB is going bust

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Bank of England's Carney to become U.N. climate finance envoyBank of England Governor Mark Carney will lead a push by the United Nations to m...
Fuente: Reuters - 🏆 2. / 97 Leer más »

Bank of England's Carney to become U.N. envoy on climate action and financeBank of England Governor Mark Carney will become the United Nations special envo...
Fuente: Reuters - 🏆 2. / 97 Leer más »

Morgan Stanley says get defensive because of 'late cycle' economy, buy stocks like Coca-ColaTrade tensions and the election will foster uncertainty in 2020, making stocks like Coke more attractive, according to Morgan Stanley. Mike Wilson has been dead wrong for a very long time! Take a hike mike. this late in the cycle?
Fuente: CNBC - 🏆 12. / 72 Leer más »