INTERVIEW: ‘Now is the wrong time to be selling,’ says JP Morgan Middle East MD Steven Rees – Arab News

INTERVIEW: ‘Now is the wrong time to be selling,’ says JP Morgan Middle East MD Steven Rees – Arab News

INTERVIEW: 'Now is the wrong time to be selling,' says JP Morgan Middle East MD Steven Rees /node/1649136/business-economy. In the mercurial circumstances, Steven Rees has some simple advice to investors: "Now is the wrong time to be selling," he told Arab News.. His view is also especially relevant for Saudi Arabia and the Middle East.. "Now more than ever we're committed to working with the country and with businesses there," Rees said.. But Saudi Arabia, and the rest of the world, is living through extraordinary times.. In JP Morgan's American homeland, which is adding virus cases at an alarming rate, the economic effect will be devastating.. Congress has done its part," Rees said.. The bill reduces the risks of a 'worst-case scenario' for markets.". If energy prices are low it can boost the economic recovery we see in the second half of the year," Rees said.. But we see this as a temporary slowdown, rather than a long-term disruption of the potential of Saudi Arabia and the rest of the world," Rees said.. Saudi Arabia can continue to look to the strengths of JP Morgan.. We've been through a lot together," Rees said.. S&P cuts Oman rating deeper into