China GDP print to be watched closely [Seeking Alpha]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: Seeking Alpha
U.S. China GDP print to be watched closelyApr. 12, 2020 11:11 AM ET|iShares China Large-Cap ETF (FXI)Clark SchultzEconomists expect China'sQ1 GDPJefferies's David Owen calls the print (due out on Friday) a "huge point of reference for European markets" amid wide-ranging economic forecasts for the region, while Oxford University's George Magnus says with China being six to eight weeks ahead of Britain in terms of the lockdown, the GDP data would provide a "taster" of what was to come in the U.K. and elsewhere.The U.S. is even further behind the COVID-19 curve, with most of the economic damage falling in Q2. JPMorgan has the low estimate on the Street with a prediction for a 40% drop in GDP before expected improvement in Q3 and Q4.:ASHRYINNEWHCAFFXPYANGKWEBPGJGXCHAOCQQQMCHIPEKCHNClick to subscribe to real-time analytics on FXINow read:A New Reality- All Lives Matter- China Could Face Global Condemnation »
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