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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's fiscal policy 'overly biased' toward creating productive capacity: JPMorgan economistJahangir Aziz, chief emerging markets economist at JPMorgan, says "fiscal policy in particular has been overly biased towards creating productive capacity, industrial production — far less on creating demand."
Persons: Jahangir Aziz Organizations: JPMorgan
The US dollar is losing some influence in the oil markets, according to JPMorgan. The correlation between the USD's strength and oil prices has weakened, per the bank's research. The analyst drew the conclusion by looking at the impact of a strengthening dollar on oil prices. AdvertisementAdvertisementThe relationship exists because the dollar is traditionally inversely correlated to oil prices — meaning that when the greenback's value rises, oil prices fall, and vice versa. This trend is because more oil is now being transacted in non-dollar currencies, JPMorgan said in its report, such as the Chinese yuan.
Persons: Natasha Kaneva, Kaneva, Jahangir Aziz, , It's Organizations: JPMorgan, Service, Brent, Reuters, Russia Locations: Wall, Silicon, China, Russia, Ukraine, Washington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia's 6.1% GDP growth in January-March quarter shouldn't have come as a surprise, JPMorgan saysJahangir Aziz of the investment bank says other emerging markets have "all been surprising on the upside, barring … Taiwan, Czech Republic and South Africa."
Persons: Jahangir Aziz Organizations: Locations: … Taiwan, Czech Republic, South Africa
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket reaction to Fed Chair Powell's speech was 'much more muted' than expected, says JPMorganJahangir Aziz of the investment bank said in the next few weeks, the market will wake up to the realization that Fed rate hikes and dollar strength are not over.
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