ASHS News and Press, Xtrackers Harvest CSI 500 China A-Shares Small Cap From 10/26/21

China’s growth q/q seasonally adjusted slowed considerably in Q3. Journalistic accounts have attributed the Q3 slowdown to the financial fallout from the Evergrande default as well as more general real estate troubles, slowed auto production due to chip shortages, and power out...

Consensus remains cautiously positive on the economic and market outlook for the coming year, but for the first time in 18 months, we have started trimming risk in our views, advocating building dry powder to take advantage of opportunities that arise due to potential short-term market vo...

The financial markets today are huge (certainly much bigger than at any time in history), and the hands pushing real yields down (the Federal Reserve and the ECB) are extremely strong. Interestingly, while real yields are at record lows, the supply of financial assets is at record hig...

As we move into Q4, markets are in a tug-of-war involving various good news vs. bad news debates. COVID-19 cases are declining, but central banks are considering tightening monetary policy. Earnings growth is strong, but year-over-year comparisons will become tougher. Employment stati...

The port bottlenecks and supply shortages have caused goods shortages. Though, for proof that the supply chain disruption is not damaging the economy much, look no further than Friday’s report that retail sales rose 0.7% in September - a huge positive surprise, since economists wer...

China’s image as the world’s growth engine remains etched in many people’s minds, even though the country no longer sees itself that way. Property and manufacturing are being constrained by government actions linked to the policy goals of financial stability and t...

Evergrande’s Chinese bonds have been paid off in some form which we don’t know, while their Dollar-denominated bonds have gone into default. Evergrande also guaranteed the bonds of Fantasia, which is nowhere to be found in any of Evergrande’s financial statements. ...

Power shortages, COVID outbreaks, supply chain problems, industry crackdowns and the China Evergrande debt crisis all weighed on China's economy in the third quarter. Data released overnight showed that GDP grew a disappointing 4.9% Y/Y, missing expectations for a 5.2% expansion, and marking ...

Encouraging results from first week of Q3 earnings season. Chinese credit growth disappoints. U.S. September inflation update. For further details see: Starting Off Strong? The Early Read On U.S. Q3 Earnings Season

Wall Street still remains upbeat despite a growing energy crisis that threatens the economic recovery, widespread price increases, and mixed economic data. If energy costs seem poised to head much higher, the unbalanced global economic recovery could dent risk appetite and lead to som...