Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

JPMorgan lowers its forecast for the Chinese stock market


September, 05 2024
watermark Economic news

JPMorgan Chase & Co. experts have revised their position on the Chinese stock market from «buy» to «neutral», citing a number of negative factors.


In particular, they note the slowdown in the growth of the Chinese economy, insufficient measures on the part of the authorities to stimulate economic development and uncertainty associated with the upcoming presidential elections in the United States.


Experts fear that a potential new trade war between China and the United States will put serious pressure on the Chinese stock market. They believe that the consequences of such a conflict may be more serious than last time and lead to a structural weakening of China's economic growth.


Along with other leading global investment banks, JPMorgan predicts that China's GDP growth rate will not reach Beijing's target of 5% this year. In this regard, experts advise investors to review their portfolios and pay attention to the stock markets of India, Mexico, Saudi Arabia, Brazil and Indonesia.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.