ASHS News and Press, Xtrackers Harvest CSI 500 China A-Shares Small Cap From 06/08/22

The latest PMI data compiled for JPMorgan by S&P Global revealed an unwelcome mix of sluggish global economic growth and soaring business costs in May. Although global output growth picked up slightly in May, it remained at one of the weakest levels seen so far in the pandemic rec...

The US consumer price index (CPI) has risen by over 8% in the past year, similar to Europe’s 7.4% increase. In the US, higher retail gasoline prices have historically led to higher expectations of inflation, leading to higher actual inflation. Going forward, achieving a div...

The growth-policy tradeoff created by the global tightening cycle looks set to improve in the second half of the year, according to JPMorgan. "We have potentially passed peak Fed hawkishness and this is expected to be joined by a likely peak in inflation, on a yoy change basis," global strate...

Periods of low volume and relatively small moves are normally comforting and allow us to avoid making decisions. My biggest concern is that I may not see enough that is important and draw the wrong conclusions. I am increasingly concerned that several others, including some well-known...

Chinese stocks are now very cheap. What's more, post-lockdown China is once again a very interesting place to deploy capital. Pinduoduo reports Q1 2022 results that saw a strong increase in profitability y/y. The business, excluding merchandise sales, saw revenues grow by 39% y/y....

Breaking from the past, the ECB is expected to signal its intent to hike rates at next month's meeting. The day after the FOMC meeting in May ended, the swaps market priced in a terminal Fed funds rate of 3.75%. The Reserve Bank of Australia meets on June 7. For further deta...

A strong nonfarm payroll report means that the Fed won’t be pausing their interest rate hiking campaign anytime soon. The May employment report was impressive, but it will likely be the last strong one we will see in a while. The upcoming week is filled with important centr...

The latest batch of official PMI data gave a nice boost to Chinese equities and also commodities. While China’s supply-side stimulus allows to “mobilize” the official sector fairly quickly, it does not do much for small privately-owned companies. We believe PM...

My two favorite Chinese companies, Alibaba and Baidu, have declined for more than a year. During that time, both stocks became drastically oversold and dramatically undervalued. While there is some risk in owning Chinese stocks, I don't see why they should trade at such ridiculous...

It’s likely to be another action-packed week despite numerous countries seeing it shortened by bank holidays. The jobs report is typically the highlight when it comes to the first week of the month but there will be competition from the OPEC+ meeting, Bank of Canada rate decisi...