![]() ![]() nor their respective holding companies and/or any subsidiaries of such holding companies nor their Sources and/or other third party data provider(s) make any express or implied offers, representations or warranties (including, without limitation, any warranty or merchantability or fitness for a particular purpose or use) regarding the Information. Neither Limited, HKEx Information Services Limited, China Investment Information Services Limited, Shenzhen Securities Information Co.Ltd., Nasdaq, Inc. Ltd, Nasdaq, Inc., their respective holding companies and/or any subsidiaries of such holding companies, their Sources and/or other third party data provider(s) endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions. You expressly agree that the use of this app/website is at your sole risk.Ī Limited, HKEx Information Services Limited, China Investment Information Services Limited, Shenzhen Securities Information Co. Goldman reiterated Overweight for consumer services, health care, insurance, media and retail sectors, reflecting its continued optimism in the services-led recovery scenario. Related News JPM Cuts CN 2023E GDP Growth to 5.5% CN Equities May Hail Upswing at Yr End The broker said some of the positive catalysts are getting in place, creating attractive technical market settings for equity investors to take risks. Goldman highlighted five upside catalysts to help the mainland to proceed further than the initial stimulus excitement and fading growth impetus, including continued improvement in macro growth momentum, the ensuing medium-term corporate earnings performance, policy easing, moderation in geopolitical concerns, and confidence in measures to break the potentially vicious cycle. In May, official data was weak compared to market expectations, and high-frequency activity indicators showed some signs of market stability over the past few weeks, but market expectations of favorable policies are strengthening. Goldman Sachs released a research report, saying that mainland stocks have rebounded 11% since May 31, but are still lagging compared to the cumulative 6% rise so far in the region this year, currently at just 1% rise cumulatively.
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