Stock markets were hit with a “perfect storm” this week as concerns about a Chinese economic slowdown and persistently higher U.S. interest rates rattled global sentiment.
to inflation, while the committee remained open to further interest rate hikes to bring price growth down sustainably.
Cau suggested the British bank's previous view on China had arguably proven"too hopeful," given the"lack of decisive policy action" since the Politburo meeting in late July. A value tilt refers to tipping a portfolio towards stocks perceived to be trading at a discount relative to their financial fundamentals.
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