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JPM CEO: Trade Conflicts Big Problem Now; Warns of End-18 Mkt Downturn Resurgence
The trade conflicts between China and the US have turned into a big problem which could undermine corporate confidence, JPMorgan CEO Jamie Dimon was quoted as saying by CNBC. He sa...
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JPM CEO: Trade Conflicts Big Problem Now; Warns of End-18 Mkt Downturn Resurgence
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2019/05/29 11:59
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The trade conflicts between China and the US have turned into a big problem which could undermine corporate confidence, JPMorgan CEO Jamie Dimon was quoted as saying by CNBC. He said investment intention will be soured if the situation goes badly or other accidents come up.

Business sectors start considering to relocate their supply chains, evidently slowing business investment and causing uncertainties.

Dimon reiterated that market would give extreme response if bad news happen amid economic downturn, giving stocks slump last year end as an example which shows market weakness.
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