The curious calm at the centre of the storm

Please see below the latest ‘Chart of the Week’ from State Street Global Markets

Category:

This week Michael Metcalfe, global head of Macro Strategy, questions whether Chinese markets are now a potential source of optimism.  

“Despite its lowest Purchasing Managers Index (PMI) in more than a decade and economic headwinds from Coronavirus, China’s equity markets have staged a remarkable recovery in the past month. However, outside of China it is a very different story, with global equity markets suffering sharply as the rate of contagion accelerates. This now invites the question, at what point could the weakness in global equities be contained, either by a less sharp rise in new cases or optimism about a policy response to offset weaker growth? Either way it is a curious fact that Chinese equities have outperformed global markets, even though Chinese growth, initially at least, seemed certain to take the biggest hit.”

  

Investing involves risk including the risk of loss of principal.

The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon.  You should consult your tax and financial advisor. All material has been obtained from sources believed to be reliable. There is no representation or warranty as to the accuracy of the information and State Street shall have no liability for decisions based on such information.

The views expressed in this material are the views of State Street through the period ended March 2, 2020 and are subject to change based on market and other conditions.

This news announcement contains forward-looking statements as defined by United States securities laws, including statements about the financial outlook and business environment. Those statements are based on current expectations and involve a number of risks and uncertainties, including those set forth in State Street's 2015 annual report and subsequent SEC filings.  State Street encourages investors to read the corporation's annual report, particularly the section on factors that may affect financial results, and its subsequent SEC filings for additional information with respect to any forward-looking statements and prior to making any investment decision. The forward-looking statements contained in this press release speak only as of the date hereof, March 2, 2020 and the company will not undertake efforts to revise those forward-looking statements to reflect events after this date.

State Street Corporation One Lincoln Street, Boston, MA 02111-2900.

The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without State Street’s express written consent.

© 2020 State Street Corporation - All Rights Reserved

 

Expiration date: March 31, 2021

Tracking Number: 2975316.1.1.GBL.RTL

Media Contacts

Contact a member of the State Street Media Relations Team.

Social Media

Business Wire NewsHQ℠