At first glance, U.S. equities seem to be turning a corner: They’ve rebounded from their February lows, bolstered by signs that China’s economy is stabilizing, dovish signals from the Federal Reserve, and a recovery in oil prices. And the majority of U.S. companies have beat first-quarter earnings and sales expectations. But that’s all in the past. Looking forward, Credit Suisse believes that several challenges will lead to choppy market conditions for the remainder of the year. ...
Read More »Déjà Vu in China’s Latest Crash
Is it August 2015 again? In the first week of January, a spectacular Chinese stock market crash once again prompted officials to provide extraordinary stimulus measures and devalue the yuan. Just as before, gyrations in China pushed global markets deep into risk-off mode, with selloffs in Asian, European, and U.S. equities, as well as crude oil futures. The resolution is likely to be the same as it was last August, too, according to Kasper Bartholdy, Head of Emerging Market Fixed Income...
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