The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET.
Goldman Sachs strategists see an economic shift from “reopening to recovery” driving Chinese stocks 24% higher by the end of this year.
China’s factory activity bounced back in January and expanded for the first time since September, data from the national bureau of statistics showed.
China’s decision to welcome tourists again as well as to make it easier for those in the country to travel abroad has been one of the most discussed topics at the World Economic Forum.
Asia-Pacific’s leading index entered a bull market this week, fueled by a rally in Chinese equities from reopening optimism.
Employment number Friday. Federal Reserve should move if we don’t get above 4% unemployment and wages don’t fall.
Mainland China’s reopening came sooner than expected for investors, and Goldman Sachs warns it will bring a short-term strain in workforce and supply chains.
Mainland China’s swift rollback of many Covid-related restrictions has been unexpectedly sudden, revealing a new set of economic challenges.
Beijing and Shenzhen announced over the weekend they would lift measures that required commuters to show negative Covid test results before travel.
Both futures have since pared gains, with Brent crude last trading at $86.12 a barrel, and U.S. West Texas Intermediate futures at $80.53 per barrel.
Goldman Sachs says China is still ‘months away’ from reopening