JP Morgan says economic growth in China has steadied, will improve
Thursday, 15 February 2024, 23:26
This is via a research note from JP Morgan on their bullish out for the US dollar.
In the note, though, are some remarks on China, which may of particular interest.
In brief:
- the growth outside the US, specifically, in the Eurozone and China, has stabilized
- stability is the precursor to any improvements and given this stabilization, our systematic growth models have also turned more pro-cyclical
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China remains on holiday today. Markets there reopen next week.
This article was written by Eamonn Sheridan at www.forexlive.com.This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.