ASEA News and Press, Global X FTSE Southeast Asia From 12/24/22

Summary Markets around the world continued to be disappointing in Q3. The challenging global environment leaves investors looking for the light at the end of the tunnel. Despite the positive market reaction, we expect a gradual recession in the US and Europe in the first half of 202...

Summary Return divergences were largely an outgrowth of the collapse in resource stocks. Amid the extreme risk-on/risk-off swings in sentiment spurred by the pandemic and Russia/Ukraine war, industry performances have been as polarized as they've ever been in a decade. The turbulent...

Summary The global manufacturing PMI survey's Output Index signalled a third successive monthly drop in worldwide factory production in October. Of the 31 economies for which S&P Global PMI data are available for October, some 21 reported falling production, which was also the...

Summary After a bumpy year, 2023 could prove to be even more challenging for global goods trade with consumer demand faltering, oversupply returning, and the energy and subsequent inflation crisis persisting. So far this year, global merchandise trade has held up extremely well gi...

Summary Few sectors escaped this year’s global equity selloff in Q3. Those most vulnerable to the punishing effects of the recent spike in interest rates have paid an especially heavy toll. Real estate, telecom, utilities and tech were the worst performers in most marke...

Summary Global equity markets outside of the United States have completed a third negative quarter, with the MSCI ACWI ex US IMI Index down 11.26% in the three months through October 30. For the year to date, this index is down 27.19%, which clearly indicates a “bear market...

Summary Average input costs rose at an increased rate for the first time in five months in September, hinting at stubbornly persistent inflation within the worldwide factory sector. Supply chain cost pressures and wage pressures eased, helping bring down factory cost inflation. ...

Summary Global business conditions worsened in the manufacturing sector in September. The JPMorgan Global Manufacturing Purchasing Managers' Index™ (PMI™) dropped below the neutral level of 50.0 for the first time since June 2020. Easing of supply chain delays we...

Summary Asian markets continue to struggle this year, thanks in large part to the weak China market. The only asset class showing positive performance is volatility. It has been a bumpy ride down this year, with six failed rally attempts. We are now 25.3% below the high water mark...

Summary Emerging markets have seen a sustained period of higher nominal yields over the past 18 months. This backdrop of moderating inflation raises the question of whether there is light at the end of the tunnel for monetary policy tightening. We do not expect cuts in the ver...