China's GDP Miss, UPS Strike Threat And Insights From 9M Bank Accounts: Economic Highlights This Week
Portfolio Pulse from Benzinga Neuro
This week's economic highlights include China's Q2 GDP miss, the final Fed rate hike, a potential UPS strike, and insights from 9 million bank accounts. China's GDP growth fell short of expectations, potentially impacting tech companies like Alibaba and JD.com, and new energy vehicle manufacturers like BYD. A potential strike at UPS could impact the logistics industry and contribute to inflationary pressures. A report from JP Morgan Chase reveals that the median American now has more money in the bank than before the pandemic.
July 23, 2023 | 10:02 am
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NEGATIVE IMPACT
China's GDP miss could impact Alibaba's performance as it may lead to a slowdown in the Chinese economy.
China's GDP miss could lead to a slowdown in the Chinese economy, which could impact Alibaba's performance as it is a major player in the Chinese tech industry.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
China's GDP miss could impact BYD's performance as it may lead to a slowdown in the Chinese economy.
China's GDP miss could lead to a slowdown in the Chinese economy, which could impact BYD's performance as it is a major player in the Chinese new energy vehicle industry.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
China's GDP miss could impact JD.com's performance as it may lead to a slowdown in the Chinese economy.
China's GDP miss could lead to a slowdown in the Chinese economy, which could impact JD.com's performance as it is a major player in the Chinese tech industry.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
A potential strike at UPS could have serious consequences for the logistics industry, contribute to inflationary pressures, and impact the stock market and interest rates.
A potential strike at UPS could disrupt the logistics industry, leading to inflationary pressures and impacting the stock market and interest rates. This could negatively affect UPS's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90