Goldman Sachs upgrades China equities to Overweight

Dhwani Mehta FXStreet

Strategists at Goldman Sachs are more bullish on the Chinese equity markets, and raise their outlook on the Chinese equities to Overweight in its latest report.

Key Points via Bloomberg:

The bank’s strategists are now overweight Chinese stocks, with their 12-month forecast for the MSCI China Index boosted to 73 points from 68

Factors behind the upgrade:

Improving economic data

Anticipate policy measures will continue to be supportive (especially given the he twice-a-decade Communist Party conclave later this year)

Earnings forecasts upgraded

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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