Jing Ulrich of J.P. Morgan Chase says agreement between the U.S. and China to hold off on more tariffs has temporarily removed one uncertainty facing the global economy.
"I think for now, markets have taken on a more optimistic and upbeat tone at least since the weekend. And I think this optimistic tone will continue for the next couple months," Jing Ulrich, managing director and vice chair of global banking and Asia Pacific at J.P. Morgan Chase, told CNBC's Geoff Cutmore and Arjun Kharpal.
She explained that developments over the weekend have temporarily removed one uncertainty facing the global economy. That will allow investors to focus on other factors affecting the performance of stocks, such as company earnings and reforms in the Chinese economy, she said at theInvestor sentiment will also benefit from central banks' greater willingness to ease monetary policy, said Ulrich. She said interest rate cuts by major central banks such as the U.S.
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