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Stanchart's CIO of North Asia, Raymond Cheng: Base Case Scenario Assumes 70% Chance of Oil Price Peaking in Wks; HSI May Rebound to 28,000-29,000 in 12 Mths
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Stanchart's WS Global CIO Office released its 2Q26 global market outlook. There is significant uncertainty regarding when the Middle East conflict will end, but the most likely scenario is that the conflict will ease within weeks rather than months, Raymond Cheng, Chief Investment Officer of North Asia at Stanchart, said. However, the process to achieve a clear resolution remains full of variables. Stanchart's base case scenario assumes a 70% probability that oil prices will peak within weeks, and the HSI may rebound to 28,000-29,000 within 12 months. Cheng cautioned that, if oil prices have not yet peaked, and/or more data indicates that the Fed will not resume rate cuts in 2H26, the HSI may fall to 21,500-22,500. AASTOCKS Financial News Website: www.aastocks.com |
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