A Bank of America Merrill Lynch survey of fund managers found investors are shifting away from equities to bonds as trade war concerns send recession risk to an eight-year high. Cargo containers in a port in Qingdao. Photo: AP

More than a third of investors expect a recession in 12 months, Bank of America Merrill Lynch survey finds

  • Findings represent the highest recession probability in eight years, bank says
  • Investors rotating out of equities, make highest allocation to bonds since September 2011, survey finds
Topic |   China economy

TOP PICKS

A Bank of America Merrill Lynch survey of fund managers found investors are shifting away from equities to bonds as trade war concerns send recession risk to an eight-year high. Cargo containers in a port in Qingdao. Photo: AP
READ FULL ARTICLE
Shoppers browse goods for sale at a shopping centre in Beijing. A UBS survey showed that Chinese consumers were spending on goods and services, which should help a slowing economy. Photo: AP Photo

Chinese consumers shrug off impact of trade war on economy with increased spending to improve quality of life

  • UBS survey shows that consumers were not only spending more on consumer goods and services, but they plan to increase it over the next 12 months.
Topic |   Consumers

TOP PICKS

Shoppers browse goods for sale at a shopping centre in Beijing. A UBS survey showed that Chinese consumers were spending on goods and services, which should help a slowing economy. Photo: AP Photo
READ FULL ARTICLE