Stock Groups

Credit Suisse CIO says has “day-by-day, week-by-week” approach to China -Breaking


LONDON, (Reuters) – Credit Suisse (SIX.) Michael Strobaek is the global chief investor officer. On Monday, he said that China was his priority and that he would continue to be cautious in emerging markets.

Strobaek stated that he would wait and see how emerging markets develop, at the Reuters Annual Investment Outlook Summit.

He said that he would approach China day by day, week by week, and see how it is doing on both the default side as well as the policy side. This was in reference to China’s huge corporate debt.

“Only when I have real opportunities to make a difference, would I go back in.”

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.