Asia stocks are in a 'real sweet spot,' boosted by weak dollar and soft oil prices, strategist says

The conditions in Asia are "possibly the best you could have" post a credit crunch, said Sean Darby, global equities strategist at Jefferies.

"The conditions for Asia at the moment are possibly the best you could have post a credit crunch," said Sean Darby, global equities strategist at Jefferies. Markets and economies around the world were hammered when Covid-19 broke out early this year. "We're in a real sweet spot notwithstanding the U.S. politics with China," he said. "Generally, I suspect we're going to be in for a period where profits and stock prices actually do very well in the next six to 12 months."North Asia has a "fundamental advantage" because it is very linked to the global trade cycle, he said. "China's recovery was so strong and so quick that it has lifted all boats in North Asia, but I would say ...

"I certainly think in the U.S., that we've reached a spot of euphoria in the tech space," he said. "And I think there, the dangers in the tech stocks are much greater than in Asia.""The tech stocks there tend to be more highly correlated to each other," Darby said. He added that the cost of hedging has risen considerably.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Asia stocks set to trade lower; China's August industrial production data expectedInvestor focus on Tuesday will likely be on Chinese economic data releases for August expected to be out at around 10:00 a.m. HK/SIN. That includes industrial production, fixed asset investment as well as retail sales. Look at the current chart's for OpenLearning=ASX$OLL you should see that the bulls roared bullish yesterday for OLL. OpenLearning has broken out into a new higher trend and looks to be going 🚀🚀 Motley fool article on OpenLearning=ASX$OLL🚀🚀
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Asia stocks set to slip; Japan's Softbank to sell UK chip designer ArmInvestors will watch for movements in Japanese conglomerate Softbank Group's stock following reports that the firm is set to sell U.K. chip designer Arm to U.S. chip firm Nvidia. Why do they ruin the surprise every day?
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »