September 19, 2024
MD & CIO Helen Zhu, was featured on “Bloomberg: The China Show” alongside hosts Yvonne Man and David Ingles. During the interview, Helen discussed recent market dynamics following the U.S. Federal Reserve’s 50 basis point rate cut. She highlighted the positive market reaction, notably to encouraging retail sales data, and underscored the pivotal role of employment statistics in shaping Fed policy. She suggested that if job data remains robust, moderate rate cuts might persist.
Discussing U.S. market strategy, Helen advised caution regarding equities due to high valuations and potential risks from impending economic data and the upcoming elections. She identified more attractive investment opportunities in emerging markets, enhanced by a weakening U.S. dollar and a decline in U.S. economic hegemony.
Helen also pointed out that recent Fed decisions have afforded global central banks greater policy flexibility, particularly affecting institutions like the RBA and BOJ. Focusing on China, Helen noted the resilience of sectors dominated by state-owned enterprises despite broader market challenges.
For Video Playback, please visit: https://www.youtube.com/watch?v=ND9ESs2Zswo
Helen’s session timings:
1.From 00:05:15 to 00:12:15
2.From 00:14:01 to 00:20:23