ASHS News and Press, Xtrackers Harvest CSI 500 China A-Shares Small Cap From 07/02/22

Why an economic downturn may not weigh on oil prices for long. Oil has a long-term inventory issue, and only falling demand will help bring down prices. Why oil prices could climb to $130 a barrel or higher in coming quarters. Oil prices have remained at higher l...

In contrast to some other market observers expecting a contraction in EM earnings in 2023, at the start of this year we highlighted the likelihood of a recovery driven by India and China. Factories are reopening, port bottlenecks are easing, and there are signs that supply chain disru...

A shortened trading week on Wall Street will have traders focusing on the FOMC minutes, a few Fed speakers, and the June nonfarm payroll report. I don’t think there’s any such thing as a quiet week for Europe at the moment but next week is probably as close as it gets. ...

China’s zero-COVID policy has cratered the economy, severely hampering mobility and discouraging consumer spending on services. In addition, it has extended economic uncertainty for businesses and caused significant disruption to supply chains. The rollover in global demand - a...

The global economic outlook has deteriorated sharply; we now expect GDP growth to be well below potential in 2023. While the near-term economic outlook is challenging, not all downturns are catastrophic - unlike those during the pandemic and global financial crisis. The economic o...

China’s domestic activity gauges continued to rebound from April’s low, lifting China’s equities on a risk-off day. China’s latest stimulus package is mostly supply-side oriented, which suggests that near-term growth will be led by investments/infrastructur...

Global equity markets outside of the United States are completing a second negative quarter, with the MSCI ACWI ex US IMI Index down 11.33% in the three months through June 24. Looking at the major regions, China and other Asian emerging markets are completing a difficult quarter, wit...

Since my previous article, CXSE has lost ~5% vs. a loss of ~15% for EEM and has clearly outperformed other emerging markets. Despite the relatively good performance, political risks associated with the zero-COVID policy coupled with a slow real estate market recovery are likely to ham...

China's nominal GDP reached $17.5 trillion in 2021, a growth rate of 8.1%. We expect a slower GDP growth rate in 2022 due to very tight Covid measures in Q2 of this year. The Chinese yuan (CNY) is suffering depreciation pressure from the widening interest rate differential with the US...

Recession fears and central-bank tightening are driving market volatility. Markets have faced a laundry list of concerns this year, including new COVID-19 lockdowns and an economic slowdown in China, the Russia-Ukraine war, surging inflation, and central-bank tightening. We think ...