Latest news with #AndrewTilton
Bloomberg
3 days ago
- Business
- Bloomberg
Tilton: China Very Competitive Gaining Shares vs US
The US is extending the tariff pause on some Chinese goods until August 31 as President Donald Trump is expected to speak with Chinese leader, Xi Jinping. Meanwhile the Caixin manufacturing PMI fell to 48.3 last month, experiencing its worst slump since September 2022. Andrew Tilton, Chief APAC Economist at Goldman Sachs spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the Chinese economy performance. (Source: Bloomberg)
Bloomberg
13-05-2025
- Business
- Bloomberg
Goldman, JPMorgan Lift China Growth Outlook on US Tariff Truce
Goldman Sachs Group Inc. and other major banks boosted their growth forecasts for China's economy, citing a temporary deal with the US to de-escalate their trade conflict. The US lender expects real gross domestic product in the world's second-largest economy to rise 4.6% in 2025 from a prior estimate of 4%, analysts led by Andrew Tilton wrote in a research note to clients Tuesday.
South China Morning Post
21-04-2025
- Business
- South China Morning Post
Chinese stocks rise by most in a week as trade war with US fuels stimulus hopes
Chinese stocks rose by the most in a week on Monday amid expectations of stimulus measures from Beijing to offset the impact of the trade war with the US. Advertisement The CSI 300 Index, a gauge of the nation's biggest companies, advanced 0.2 per cent to 3,778.18 at the trading break, after jumping as much as 0.5 per cent to log the best intraday gain since April 14. The Shanghai Composite Index added 0.3 per cent. Hong Kong's stock market is closed for the Easter holiday and will reopen on Tuesday. The gains were led by tech firms. Artificial intelligence chip designer Cambricon Technologies jumped 5.7 per cent to 707.60 yuan, while high-end processor maker for servers and computers Hygon Information Technology advanced 2.1 per cent to 152.82 yuan. Electric vehicle battery maker Contemporary Amperex Technology rose 3.3 per cent to 232.78 yuan. Limiting gains, Chinese baijiu maker Luzhou Laojiao fell 1.8 per cent to 129.43 yuan, while property developer China Vanke eased 1.9 per cent to 7.17 yuan. Traders are betting on bolder stimulus in the coming months to help mitigate risks amid intensifying trade tensions between China and the US, according to global investment banks. While UBS, Goldman Sachs, Nomura and others have cut their forecasts for China's economy, they expect more measures from Chinese policymakers to underpin the economy. Advertisement 'We expect the government to accelerate bond issuance and the spending of proceeds in the coming months,' Andrew Tilton, an economist with Goldman Sachs, said in a note over the weekend.
South China Morning Post
21-04-2025
- Business
- South China Morning Post
Chinese stocks rise by most in over a week as trade war with US fuels stimulus hopes
Chinese stocks rose by the most in more than a week on Monday amid expectations of stimulus measures from Beijing to offset the impact of the trade war with the US. Advertisement The CSI 300 Index, a gauge of the nation's biggest companies, added 0.4 per cent to 3,787.84 at 9.50am local time, the most since April 11, while the Shanghai Composite Index gained 0.5 per cent. Hong Kong's stock market is closed for the Easter holiday and will reopen on Tuesday. The gains were led by tech firms. Artificial intelligence chip designer Cambricon Technologies jumped 5.9 per cent to 709.01 yuan, while high-end processor maker for servers and computers Hygon Information Technology advanced 2.7 per cent to 153.62 yuan. Electric vehicle battery maker Contemporary Amperex Technology rose 1.9 per cent to 229.66 yuan. Limiting gains, Chinese baijiu maker Luzhou Laojiao fell 1 per cent to 130.40 yuan, while property developer China Vanke eased 1.6 per cent to 7.18 yuan. Traders are betting on bolder stimulus in the coming months to help mitigate risks amid intensifying trade tensions between China and the US, according to global investment banks. While UBS, Goldman Sachs, Nomura and others have cut their forecasts for China's economy, they expect more stimulus measures from Chinese policymakers to underpin the economy. Advertisement 'We expect the government to accelerate bond issuance and the spending of proceeds in the coming months,' Andrew Tilton, an economist with Goldman Sachs, said in a note over the weekend.
Yahoo
15-04-2025
- Business
- Yahoo
Global markets rise as investors bet Trump's tariffs on the tech supply chain won't happen
Global markets rose this morning on news that President Trump's impending tariffs on tech products would be exempted or delayed. However, there remains confusion over whether and when the White House will act against the smartphone, semiconductor, and device supply chain. Today, investors in the U.S. markets will be grappling with the question of whether they believe Trump will impose steep tariffs on Big Tech's China supply chain (as he said he would on Sunday) or whether he will back off (as the the U.S. Customs and Border Protection said it would on Friday). Right now, stocks are trading up, so investors think the tech tariffs are at least being pushed off into the future or won't happen at all. Apple stock was boosted 5.45% in overnight trading and hit $208.95 this morning, premarket. Most of the company's supply chain is trapped behind Trump's tariff barriers on China and it would thus benefit if the tariffs end up not happening. Here's a snapshot from Fortune's CEO Daily of where markets stood in early trading before the opening bell in New York: UK's FTSE 100 was up 1.9% in early trading. The Euro Stoxx 600 was up strongly by 2.3% this morning. Japan's Nikkei was up 1.2%. Hong Kong's Hang Seng was up 2.4%. China's Composite was up 0.76%. The VIX fear index has fallen by 30% over the last five days. The S&P 500 closed up 1.8% on Friday and futures contracts for the index were trading up a further 1.5% this morning, premarket. The U.S. may be in a weaker position in the China trade war than the president thinks, according to a Goldman Sachs note sent to clients yesterday, from analysts Andrew Tilton et al. That's because the U.S. is more dependent on imports from China than China is dependent on imports from the U.S., they say: 'Our findings reveal that US reliance on Chinese imports is far greater than China's reliance on US imports. For 36% of US imports from China (around $158 billion), the US depends on China for over 70% of its supply, indicating limited short-term flexibility for American importers to find alternative sources, even under substantial tariff pressures. "In contrast, China's reliance on US imports above the 70% threshold totals just $14 billion, while more than half of China's imports from the US fall into categories where the US supplies less than 30% of China's total demand. 'Within high-dependence categories (e.g., over 70% reliance), the US shows concentrated exposure to Chinese-made final consumer goods, particularly communication equipment (e.g., telephones, representing 9% of total U.S. imports from China) and toys (2.5%). Meanwhile, only 10% of China's imports from the U.S. exceed the 70% reliance threshold, nearly all of which are transportation-related—primarily aircraft and spacecraft,' the note said. This story was originally featured on Sign in to access your portfolio
