But that bullish prediction is doing little to restore investors’ optimism, as concerns mount about consumer confidence and the health of global economy.
Now, concerns are growing about China’s domestic property market after Country Garden, one of the country’s biggest developers, missed debt payments.
Those ructions have sent the prices of global commodities, including Brent crude, tumbling on Monday.
The group’s woes have sparked contagion fears for China’s shadow banking sector, and hit U.S. business.
Despite better-than-expected corporate earnings and signs that inflation is cooling, investors have dumped stocks and bonds this month.
Persons:
Goldman Sachs, Brent, Bonds
Organizations:
Deutsche Bank, Silicon Valley Bank, Treasury
Locations:
U.S, Stocks, Asia, Hong Kong, Silicon Valley