Stocks gain on improved sentiment, crude at $120

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JPMorgan Sees Tailwinds for Chinese Equities, 'Chinese equities may have reached their turning point'

June 6, 2022 3:47 PM UTC

JPMorgan analyst Marko Kolanovic comments "The growth-policy tradeoff appears set to improve in 2H, and earnings revisions turned broadly positive in key regions. Chinese equities may have reached their turning point as lockdowns begin to ease, growth support measures continue, and news reports that China is about to conclude its probe into Didi suggest regulatory risks are easing. Bond yields were higher, with Fed speakers hinting at the possibility of a 50bp hike in Sep.... More