{"id":167142,"date":"2020-03-23T09:30:30","date_gmt":"2020-03-23T13:30:30","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=167142"},"modified":"2020-03-23T07:45:50","modified_gmt":"2020-03-23T11:45:50","slug":"global-financial-markets-to-use-chinas-recovery-as-a-critical-gauge","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/global-financial-markets-to-use-chinas-recovery-as-a-critical-gauge\/","title":{"rendered":"Global financial markets to use China\u2019s recovery as a critical gauge"},"content":{"rendered":"
March 23, 2020<\/div>
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By George Prior <\/strong>– Global financial markets will use China\u2019s recovery as a sentiment tracker, affirms the CEO of one of the world\u2019s largest independent financial advisory and services organizations.<\/p>\n

The comments from Nigel Green come as European and Asian-Pacific markets and U.S. futures fell after a stream of stark headlines over the weekend.<\/p>\n

His observations also follow Chen Yulu, a vice governor at the People\u2019s Bank of China, giving a press conference on Sunday at which he noted that two ways the country is contributing to global financial recovery is by maintaining domestic financial markets\u2019 stability and by being involved in international talks on macroeconomic policy collaboration.<\/p>\n

Mr Green says: \u201cSince the World Health Organisation upped its rhetoric on Covid-19 due to the rapid spread, financial markets \u2013 including stocks, oil, government bonds and gold – have experienced wild bouts of volatility and major sell-offs.<\/p>\n

\u201cInvestors are now not only monitoring the habitual markers like the price of gold and oil and international fiscal and monetary policies, but they\u2019re also tracking the global health policies and Coronavirus-death tolls.\u201d<\/p>\n

He continues: \u201cThe epicentre of Coronavirus has shifted from China to Europe. Europe has now registered more Coronavirus cases and fatalities than China.<\/p>

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\u201cAlmost immediately, the Chinese authorities launched intense lockdown measures to try and halt the outbreak. It appears to have been successful, with cases having fallen considerably.<\/p>\n

\u201cHowever, the adverse impact on the world\u2019s second-largest economy \u2013 which drives in a large part \u2013 the global economy – has been significant.\u201d<\/p>\n

Mr Green goes on to say: \u201cAs such investors around the world will now be looking at how China gets back on its feet economically. Did the extreme lockdown work? Were the public health facilities adequate? Will there be another outbreak as activity resumes? How will the authorities now kickstart the economy? How will these decisions and the success of them impact the rest of the world?<\/p>\n

\u201cI\u2019m confident that global financial markets will stage a relief rally when there is a definitive signal that the infection rate is dropping and that cases have peaked.\u00a0 Investors will come off the sidelines and prices will jump.\u201d<\/p>\n

The deVere CEO concludes: \u201cTherefore, the next stage in China\u2019s public health and economic recovery is critical.<\/p>\n

\u201cWhat takes place in the People\u2019s Republic will be used by investors as a sentiment guide and a gauge for the rest of the world, particularly the U.S. and Europe where Covid-19 transmissions are yet to peak.\u201d<\/p>\n

About:<\/strong><\/p>\n

deVere Group is one of the world\u2019s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.\u00a0 It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.<\/em><\/p>\n

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By George Prior – Global financial markets will use China\u2019s recovery as a sentiment tracker, affirms the CEO of one of the world\u2019s largest independent financial advisory and services organizations. The comments from Nigel Green come as European and Asian-Pacific markets and U.S. futures fell after a stream of stark headlines over the weekend. His […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-167142","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=167142"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167142\/revisions"}],"predecessor-version":[{"id":167143,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167142\/revisions\/167143"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=167142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=167142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=167142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}