Wall Street’s Rollercoaster: Record Highs Amid Economic Slowdown;Chinese Stocks in a Rut: Morgan Sta时长0:10:56

2024-07-08T05:32:30Z
节目标题:Wall Street’s Rollercoaster: Record Highs Amid Economic Slowdown;Chinese Stocks in a Rut: Morgan Sta
节目介绍:Welcome to our 《microchips briefing》 show! Today, we have some intriguing news stories lined up for you. First off, Wall Street is experiencing a bit of a paradox. Despite signs of an economic slowdown with rising unemployment and slowing wage growth, the stock market has hit another record high. Investors are hopeful that the Federal Reserve will cut interest rates later this year, with derivative markets showing a high probability of a rate cut in September. It’s a rollercoaster of economic signals and investor optimism that’s keeping everyone on their toes.

Next, we turn our eyes to China, where Morgan Stanley strategist Jonathan Garner has some sobering news. He believes that Chinese stocks are in a ‘secular bear market.’ Weak economic growth, declining corporate earnings, and policy uncertainties are painting a grim picture for China’s onshore and offshore equities. Garner suggests that investors might want to look towards other emerging markets like Japan and India, which are showing stronger earnings growth and are in ‘secular bull markets.’

Lastly, let’s take a trip to Japan, where department stores are gearing up for a wave of high-spending executives from TSMC’s new plant in Kikuyo. These stores are stocking up on luxury goods and creating special sections to cater to the influx of employees and their families. It’s an interesting strategy to boost the struggling department store sector in Japan, and it shows how local businesses are adapting to new economic opportunities.

Please stay tuned for the detailed coverage of these stories!

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