Don’t sleep on the rest of the world, even as the U.S. keeps setting stock-market records. That’s the message coming from a host of Wall Street shops highlighting the potential for the America-first thrust in financial markets to reverse.
The glass half-full recoupling between the U.S. and rest of the world would entail an emerging-markets rebound amid positive spillovers from Chinese fiscal stimulus. Beijing has “tons of room to move” after a period of belt-tightening, noted Bank of America Merrill Lynch, saying there’s great risk-reward dynamics in the nation’s equities.
The positive views on Asia and Emerging Markets investmentshas been echoed recently by JP Morgan and Mobius who says the smart money is in Emerging Markets.
Shenzhou International the largest vertically integrated knitwear manufacturer in China, and the country’s largest exporter of knitwear with customers including Nike, Adidas and Uniqlo. The company reported 1H 2018 with earnings beat driven mainly by stronger than expected gross margin, partly offset by somewhat weaker than expected top line growth dragged by FX.