A big splurge in spending in China after Beijing lifted COVID-19 lockdowns will help cushion quarterly results of the world’s biggest companies, investors say, even as forecasts suggest the United States and Europe are heading into a corporate recession. Concerns are growing that tightening credit will dent the global economy. But recent data and upbeat comments from major companies like LVMH, Europe’s most valuable listed company, about business in China have given investors some cause for optimism. That could help extend a two-month long winning streak in global stocks after March’s turmoil in the banking sector led investors to slice…
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