Looking Beyond China’s GDP Growth
Stocks and currencies rallied in Asia excluding Japan while copper prices advanced as Chinese inflation data pointed to a pick-up in industrial demand in the world’s second-largest economy. The Shanghai Composite Index rebounded from a one-week low as a report showed producer prices increased month-on-month for the first time since September 2013. Concern about the health of China’s economy drove a January stocks selloff that erased some $7 trillion of market value worldwide and Monday’s inflation figures are helping restore confidence at the same time as a rebound in oil prices supports global equities. JPMorgan Asset Management Portfolio Manager Stephen MacKlow-Smith discusses with “On the Move” host Guy Johnson in London and Bloomberg’s Hans Nichols in Berlin.
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