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Wall Street Weekahead: Good news from China could boost materials shares
Even as the lift from optimism over prospects for U.S.-China trade detente shows signs of wearing off for the wider U.S. stock market, upbeat sentiment around China's economy could bolster shares of materials companies. Shares of S&P 500 industrial and technology companies, which were buffeted by last year's tit-for-tat tariffs as well as slowing global demand, have been very responsive to progress in U.S.-China trade relations and a strengthening Chinese economy. Materials stocks have not been as sensitive, however, even though they also stand to benefit as a stronger Chinese economy lifts global consumption and industrial output.
https://finance.yahoo.com/news/wall-street-weekahead-good-news-043539532.html?.tsrc=rss
Even as the lift from optimism over prospects for U.S.-China trade detente shows signs of wearing off for the wider U.S. stock market, upbeat sentiment around China's economy could bolster shares of materials companies. Shares of S&P 500 industrial and technology companies, which were buffeted by last year's tit-for-tat tariffs as well as slowing global demand, have been very responsive to progress in U.S.-China trade relations and a strengthening Chinese economy. Materials stocks have not been as sensitive, however, even though they also stand to benefit as a stronger Chinese economy lifts global consumption and industrial output.
https://finance.yahoo.com/news/wall-street-weekahead-good-news-043539532.html?.tsrc=rss
