Standard Chartered PB sees China’s fiscal stimulus as boon to risk assets

Standard Chartered Private Bank expects Beijing’s fiscal stimulus to strengthen the tailwinds from global monetary easing and be positive for risk assets, particularly for Asia ex-Japan and China stocks. “China’s stimulus, combined with a dovish turn in global monetary policies, supports our bullish outlook for global equities, with a preference for Asia ex-Japan and China equities,” the bank stated. “They…

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