China's Early Holiday Data May Benefit Consumption Stocks -- Market Talk

Dow Jones
May 06

0700 GMT - China's early labor-day holiday data shows resilient consumer activity and spending, thanks to subsidies and more relaxed tax-refund policies, DBS analysts write in a note. There are signs of easing U.S.-China tensions as China has started to assess U.S. trade-talk messages, they say. The market is likely to respond positively to early holiday data and optimism around easing U.S.-China tensions, they say. That said, meaningful high-level trade discussions will likely take time to materialize, they add. Consumption stocks may benefit from steady holiday data, they say. Tongcheng and Trip.com could benefit from continued recovery in tourism in China, they add.(jiahui.huang@wsj.com; @ivy_jiahuihuang)

 

(END) Dow Jones Newswires

May 06, 2025 03:00 ET (07:00 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10