China Growth, US Bank Outflows And Blackrock Shuns The 60/40

Bloomberg Daybreak: Europe Edition
18/04/2023 17 min
China Growth, US Bank Outflows And Blackrock Shuns The 60/40

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Episode Synopsis

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) China's economy bounces back as consumers splash the cash. (2) Deposit outflows top $60bn at key US lenders as customers hunt for better return. (3) Apple teams up with Goldman to offer market-leading savings rates. (4) Blackrock advises investors to ditch the 60/40 portfolio to navigate higher interest rates. See omnystudio.com/listener for privacy information.

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