ASHS News and Press, Xtrackers Harvest CSI 500 China A-Shares Small Cap From 02/04/23

Summary Traders will pay close attention to initial jobless claims and the University of Michigan sentiment report. We learned a lot this past week about the position the euro area economy is in, the ECB's perception of it, and the market’s trust in the central bank. The stan...

Summary When it comes to the merits of a balanced portfolio, investors may find themselves caught up in the inertia of the masses, with most asset classes suffering negative returns in 2022. While equity and fixed markets have broadly rebounded to start 2023, this does not necessarily m...

Summary Global manufacturing output fell for a sixth successive month in January, but the rate of decline showed welcome signs of moderating for a second successive month. The global manufacturing downturn showed signs of easing at the start of 2023, according to the latest PMI surveys ...

Summary China’s rebound, which has boosted emerging markets asset prices, is real, and it is led by consumption - these are the main takeaways from the latest set of domestic activity gauges. The market (both bonds and equities) has been anticipating improvements in China’...

Summary Despite softer economic conditions globally, emerging markets (EM) credit fundamentals remain supportive—and while we see some pockets of weakness, especially among energy- and food-importing countries, overall we believe EM debt is well positioned to withstand a period of we...

Summary A progress report on inflation: Inflation appears to have peaked, led by improvements in core goods prices and rate-sensitive sectors like housing. The policy focus has shifted to labor market normalization where early signs of progress are emerging. Is a soft landing in sight? ...

Summary Traders will focus on the FOMC decision, but they should also closely watch mega-cap tech earnings and the nonfarm payroll report. Economic data releases include India’s fiscal deficit, eight infrastructure industries, and both manufacturing and services PMIs. Cryptos...

Summary In the past, one of the biggest attractions of EM equities was a stronger macroeconomic growth backdrop than that of developed countries. We’re also seeing signals of declining inflation across various EM countries, including India and Brazil. Investors are understand...

Summary Gold prices have surged over the past two months with expectations that the US Federal Reserve will slow its interest rate rises. We have increased our 2023 price outlook slightly based on the faster-than-expected pivot in US interest rate policy and the return of Chinese demand...

Summary Once the ebbing omicron wave allows Chinese citizens to feel comfortable again about social engagement, we should see a decent bounce in consumption, even property transactions, and business investment will be momentarily buoyed. Inflation remains the greatest threat to the glob...