LONDON - Global stocks will continue their march to higher ground but an escalation of the U.S.-China trade war poses the biggest risk, Reuters polls of over 200 equity strategists, analysts and fund managers from around the world found.
“The trade war is the primary issue, with recent softness in U.S. macro - where resilience had been accepted wisdom - a product of the uncertainty it is creating,” said Robert Griffiths, global equity strategist at Credit Suisse. In second place, with 22% of economists picking it, was a worse-than expected slowdown in U.S. economic growth. In third spot was the 17% who said a slowdown or stall in corporate earnings growth.U.S. stocks will build on this year’s already strong gains over the rest of 2019 and the benchmark S&P 500 index will finish 2019 at 2,925, up about up about 3.5% from last week’s close.
European shares are seen mostly moving sideways until end-2019 and making just modest gains later on, as investors refrain from big bets on a region whose export-oriented economy makes it vulnerable to trade war risks.
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:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The world's biggest shipping company warns Trump's China tariffs are hammering global tradeGrowth in global container trade more than halved to 1.7% in the first quarter. Maersk warned trade-war tariffs could slow it further. A warning to you if you allow Cinia to continue to make Astronomic extra money off trade it will affect the words' safety and trade! Which do you want world trade money or Cinia rule?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump’s Huawei ban — and the risk of retaliation — threatens the global tech industryThe consequences of the Trump administration’s decision to blacklist Huawei could soon be felt by companies and consumers on both sides of the trade war. If China retaliates, an intricate supply chain built over decades could break under the strain. Such a split would shake global markets, though consequences would be more severe for some companies than others. For example, losing access to the Chinese market entirely would cut Apple’s overall revenues by 20%. Wouldn’t you know the LAT will support China before supporting America in a better deal from China? LAT is like the democrats traitors!!! Next will be consumer drone manufacturer DJI, world market leader. The thought they are collecting and sending data secretly to China is beyond ridiculous.
Source: latimes - 🏆 11. / 82 Read more »