ASHS News and Press, Xtrackers Harvest CSI 500 China A-Shares Small Cap From 05/11/22

From copper to iron and aluminum, industrial commodities have been exhibiting a rather synchronized setback going back to the end of March, start of April. This despite supply bottlenecks and production shortfalls which continue to plague each. As with Eurobond prices and credit s...

The pace of global economic growth slowed in April to the lowest since the downturn of the second quarter of 2020. While an easing of COVID-19 containment measures on average globally helped to sustain service sector growth in April, the rate of expansion in the service sector fell to...

We slightly reduce risk on a worsening macro outlook. We upgrade European government bonds and investment grade credit, and downgrade Chinese assets. The Fed raised rates by 0.5% last week - the largest increase since 2000 - and signaled similar rises ahead. Long-term yields shot up a...

The most recent macroeconomic figures show that the Chinese slowdown is much more severe than expected and not only attributable to the Covid-19 lockdowns. It is easy to use the Covid-19 lockdowns as the reason for the weakening of the Chinese economy but that would be a gross simplif...

It has been a month since Shanghai entered into lockdowns due to the Omicron outbreak. Looking at the A-shares market, this is earnings season, and we continue to track the performance of key listed companies and engage with them, despite the lockdowns. With high vaccination rates...

Every asset class has been on a rollercoaster ride as investors are watching central bankers all around globe tighten monetary policy to fight inflation. The focus for the upcoming week will naturally be a slew of Fed speak and the latest US CPI data which is expected to show inflatio...

Lockdowns in China, especially in Shanghai, have gone on much longer than expected. The main source of economic damage from these lockdowns comes from the disruption to logistics. The government, including the People's Bank of China, has said it will execute policy actions to supp...

The internationalization of the RMB and its potential emergence as a major reserve currency are related but not equivalent. To protect against the US freezing China's foreign-exchange reserves, Beijing could aggressively diversify its reserve holdings away from US dollar-denominated a...

For the past two decades, the Chinese property sector’s exponential growth has been a key GDP growth driver for China – until its rise ended abruptly in July 2021 when property sales slumped amid increased government policy tightening. We expect any policy easing to take...

The JPMorgan Manufacturing Purchasing Managers' Index™ (PMI™), compiled by S&P Global, fell from 52.9 in March to a 20-month low of 52.2 in April. April also saw global new orders almost stall, registering only a marginal increase which was the smallest since June 20...