Jimmy Lee, chief executive officer at Wealth Consulting Group, joins BNN Bloomberg to share his outlook for the markets.
While EM stocks are heading for a monthly gain, investors remain on the edge as U.S.-market gyrations and the November presidential election weigh on sentiment. An interest-rate cut by the Fed next month is priced in, but the focus is turning to the underlying economic rationale for the easing. If rate cuts are necessitated by a sharp deceleration in U.S. growth, they could still leave investors unwilling to take on emerging-market risk.
JD.com Inc. plunged 8.7 per cent in Hong Kong as Walmart Inc. sought to dispose of its stake in the Chinese e-commerce firm. That triggered a selloff across Chinese stocks as the move pointed to concerns over the country’s consumption outlook as well as waning confidence in its equity market. Despite the recent rebound, stocks could continue to be volatile at least until the next catalyst for Asian technology stocks in the form of Nvidia’s results on Aug. 29, he said. For China, traders would wait for data confirming that economic growth has bottomed out before sending stocks on a “structural rebound.”
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
स्रोत: BNNBloomberg - 🏆 83. / 50 और पढो »