J.P.Morgan sees “challenging” backdrop for stocks in first half of 2024
(Reuters) – J.P.Morgan expects economic uncertainty clouding the outlook for risky assets in the first half of next year as investors look for clarity on the direction of monetary policy. “Equities will…
J.P.Morgan now expects ECB to pause, not raise, rates in September
(Reuters) – J.P.Morgan said on Wednesday it now expects the European Central Bank to pause its tightening cycle in September as euro zone business activity contracted much more than expected, pointing to…
J.P.Morgan, Goldman raise Canada central bank terminal rate forecast to 5.25%
(Reuters) – J.P.Morgan and Goldman Sachs said on Wednesday they now expect the Bank of Canada (BoC) to deliver one last 25-basis point rate hike in October and lifted their terminal rate…
J.P.Morgan cuts China’s full year growth forecast after poor May data
(Reuters) – J.P.Morgan trimmed China’s economic growth forecast for 2023 after the country’s May industrial output and retail sales growth missed forecasts. Economists led by Haibin Zhu said on Thursday they now…
J.P.Morgan, Citi upgrade China’s 2023 full-year GDP growth forecast
(Reuters) – J.P.Morgan and Citigroup upgraded China’s 2023 full-year gross domestic product growth forecast on Tuesday, citing that the country’s decision to lift stringent COVID-19 restrictions last December helped boost growth. J.P.Morgan…
J.P.Morgan expects additional 25bps rate hike from BoE in June
(Reuters) – The Bank of England (BoE) will likely raise interest rates by a further 25 basis point (bps) in June as more monetary policy tightening may be needed to tame underlying…
J.P.Morgan raises China’s 2023 growth forecast
(Reuters) -Analysts at J.P.Morgan on Thursday raised their 2023 growth forecast for China’s gross domestic product by 30 basis points to 4.3% as the world’s second largest economy reopens from tight COVID…
J.P.Morgan sees ‘milder’ euro zone economic contraction in fourth quarter
(Reuters) – J.P.Morgan on Wednesday forecast a “milder” fourth-quarter contraction in the euro zone after strong resilience of the household sector resulted in a better-than-expected economic growth in the prior quarter. The…
J.P.Morgan cuts 2023 S&P 500 earnings forecast by 9%
(Reuters) – J.P.Morgan on Thursday cut its 2023 earnings forecast for S&P 500 companies, citing weaker demand and pricing power, margin compression, and limited buy-backs. JPM strategists now estimate S&P 500 earnings…
J.P.Morgan warns of more pain for UK, sees GDP decline next year
(Reuters) – J.P.Morgan said on Tuesday it expects a contraction in the UK’s economy next year as it enters a lengthy period of stagnation in the face of soaring gas prices, slowing…
J.P.Morgan sees global bond yields dipping in 2023
(Reuters) – Global bond yields will likely fall slightly in 2023 as the balance between demand and supply will improve by $1 trillion, strategists at J.P. Morgan said in a note. There…
J.P.Morgan downgrades India’s IT sector as pandemic boom fades
(Reuters) – Soaring inflation, supply chain issues and the hit from the Ukraine war will bring an end to the growth boom India’s IT services industry enjoyed during the pandemic, J.P.Morgan analysts…
J.P.Morgan slaps ‘sell’ rating on Rolls-Royce, shares drop
(Reuters) – Rolls-Royce’s plan to focus on the development of electric aero engines and greener fuel options raises doubts over the prospects of its mainstay civil aviation business, J.P.Morgan said in a…
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