Isaac Poole, Global CIO of Oreana Financial Services, expresses concerns about central banks’ decisions and their effects on economies nearing recession. He points out the deteriorating global economic outlook due to rising jobless claims, falling oil prices, and other factors. He also touches on China’s efforts to bolster its economy and achieve its 5% growth target for the year, stressing that although further easing in monetary policy and fiscal stimulus are anticipated, the approach will likely be more gradual and targeted.

Isaac mentions that emerging markets like China may find it challenging to offer significant support for global growth, as the US, Europe, the UK, and Australia continue to face economic slowdowns. Isaac also addresses the vulnerability of US equities’ valuations, hinting at the potential for an upcoming economic recession affecting the tech sector and other industries.

(Source: Ausbiz)

Click here to watch the interview.

Melbourne
Level 17, 627 Chapel Street, South Yarra, Melbourne, Victoria, 3141
Australia

T +61 3 9804 7113
F +61 3 9804 8377

Please email your request to
info@oreanafinancial.com

Sydney
Level 3, 31 Alfred Street,
Sydney, NSW 2000
Australia

T +61 3 9804 7113
F +61 3 9804 8377

Please email your request to
info@oreanafinancial.com

Hong Kong
Suite 1002, 10th Floor
Cambridge House, Taikoo Place
979 King’s Road, Quarry Bay, Hong Kong

T +852 3185 0200
F +852 2110 0736

Please email your request to
info@oreanafinancial.com

A Licensed Financial Firm

In Hong Kong we are licensed by the Securities and Futures Commission (license no. AHX191), the Insurance Authority (license no. FB1443) and the Mandatory Provident Fund Authority (license no. IC000563). 

In Australia we are licensed by the Australian Securities and Investments Commission (AFSL No: 482234, ABN 91 607 515 122).