April 14, 2021

The JPMorgan president blames the trade dispute for volatility in the stock market

The JPMorgan president blames the trade dispute for volatility in the stock market



The trade dispute between the United States and China is the main factor behind the current volatility in the stock market, said today the chairman and CEO of JPMorgan Chase, Jamie Dimon.

In an interview with the financial channel CNBC, Dimon also pointed to other uncertainties such as Brexit and the oil market, but stressed that "what is most disturbing the market is trade."

According to the head of the largest banking group in the US, investors and entrepreneurs are still evaluating how far the conflict between Washington and Beijing can go.

Dimon said that for now you can not talk about commercial "war", but "skirmish", and stressed that the issue is causing "uncertainty."

The executive of JPMorgan Chase recalled that, outside the commercial scope, the US economy continues to show robust growth, job creation and wage increases.

"The real facts on the ground are that we have growth in the United States and in the world," he said.

The international markets suffered again today due to the fear of a worsening of the commercial tension between the US and China after the arrest of the Huawei founder's daughter by order of the US authorities.

.



Source link