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China may continue to see some market volatility but the worst has passed, the former head of benchmark giant FTSE Russell said. "China has had success, and will become an important investment venue going forward, but in the short term, China does have some issues. Makepeace said he is bullish in the long term on China and Hong Kong markets and is confident that they will continue to grow. The country is expected to report third-quarter gross domestic product on Wednesday. Investors now await more economic readings as China is also set to report September retail sales on Wednesday.
Persons: Russell, We're, Mark Makepeace, CNBC's, Makepeace Organizations: Wilshire Indexes, Investors Locations: China, Hong Kong, China's
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. China's renewed reboundChina's economic growth will return next year, Mark Makepeace, former head of benchmark giant FTSE Russell told CNBC. [PRO] Rising oil prices could boost non-energy stocksExogenous shocks, like supply cuts and the Israel-Hamas war, have forced oil prices upward. That's good news for energy stocks — but these non-energy, European stocks also stand to benefit when oil and gas prices rise, according to Bank of America.
Persons: China's, Mark Makepeace, Makepeace, Jim Jordan, Adam Kovacevich, Biden, Joe Biden, Antony Blinken Organizations: CNBC, Russell, Big Tech, Republican, U.S . House, Apple, Biden, of Progress, Israel U.S, Hamas, Bank of America Locations: Asia, Pacific, , New Zealand, China, Israel, Gaza
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWilshire Indexes CEO says he's always been 'long-term bullish' on ChinaMark Makepeace, CEO of Wilshire Indexes, says China is the "second-biggest country represented in global benchmarks."
Persons: he's, China Mark Makepeace Organizations: Wilshire, Wilshire Indexes Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe UK government is clearly trying to promote growth, says FTSE founderMark Makepeace, FTSE founder and Wilshire CEO, joins 'Squawk on the Street' to discuss the fiscal UK policy, chances that Europe is already in recession, and more.
The pound after the Bank of England said it's closely monitoring financial markets. The pound fell by nearly 2% after the statement but didn't return to record lows. "The Bank is monitoring developments in financial markets very closely in light of the significant repricing of financial assets," BoE Governor Andrew Bailey said in a statement Monday. Financial markets were looking for the Bank of England to say it would raise interest rates or enact emergency measures to aid the pound. Financial markets on Monday were pricing in expectations for UK interest rates to rise to soar to 6% next year on the back of sterling's fall.
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