given the improvement in Sino-US trade prospects and US interest rate cuts, the economic expansion cycle is expected to continue to extend, and the global economic growth forecast for next year is raised from the original 2.4% to 2.6%
He is optimistic that China and the United States have reached the first phase of the agreement, saying that President Trump is more eager to sign an agreement to stimulate the local economy; the agreement will promote global trade and capital investment, and economic activity in Europe, Japan and the United States will improve. Wade also pointed out that the favorable factors of interest rate cuts in the United States have been shown in household and corporate borrowing. At present, mortgage application and housing construction in the US property market have rebounded sharply.
Wade also expects that China ’s economic growth will remain at 6% next year, and the Chinese market ’s response to the trade war will be faster than that of the United States
The Mainland ’s economic performance has recently stabilized, especially the recently released manufacturing purchasing manager index (PMI) data returns. expansion. He believes that global export orders will resume growth, but reminds that there are still uncertainties in the Sino-US trade negotiations, the possibility of failure of the agreement still exists, and related factors will suppress the short-term investment and spending growth of enterprises.
U.S. corporate profits are up 10%
Patrick Brenner, Asia director of diversified assets investment of Schroder, said that he is optimistic about individual stocks and sovereign bonds next year. It is expected that corporate earnings growth will be beneficial to the stock market, and it is estimated that US companies’ earnings growth will be about 10% next year. He is also optimistic about emerging markets, including the Hong Kong stock market, and believes that although Hong Kong stocks are dragged down by political factors in the short term and affect the investment atmosphere, investors are still optimistic about Hong Kong stocks in the long run, and no large-scale capital outflow is currently seen.