CHIC News and Press, Global X Funds Global X MSCI China Communication Services ETF From 08/12/23

2023-08-12 05:30:00 ET Summary The slowdown in growth that had been more prominent in developed markets is now hitting emerging markets going into the second half of 2023. July's PMI data showed emerging markets expanding at the slowest pace in six months, supported chiefly by ser...

2023-08-12 03:35:00 ET Summary China’s exports fell by 14.5% from a year earlier, a bigger than expected drop and a reminder that China is no longer the export powerhouse that it was in the early years of the 21st century. That same report also showed a double-digit drop in...

2023-08-11 21:20:00 ET Summary Doubts over the sustainability of China's economic model have emerged due to the pandemic and the unchallenged ascendancy of Xi. China's high savings and investment-driven growth model has led to overinvestment, asset bubbles, and rising debt, necess...

2023-08-11 20:35:00 ET Summary With Wall Street very confident that the Fed won’t be raising rates in September, the focus shifts to how strong is the economy. Eurozone:  There’s no shortage of economic releases next week but there isn’t one that stands o...

2023-08-09 23:45:00 ET Summary A further cooling of a recent revival of service sector growth, which had been buoyed by a post-pandemic tailwind of increased spending, waned for a second month in a row, accompanied by a deepening manufacturing downturn. The manufacturing downturn ...

2023-08-09 11:30:00 ET Summary The disinflationary trend continues, and core inflation appears to be in retreat across Western economies. Global central banks continued to raise interest rates, despite what looks to be clear disinflation evidence. Whether or not central banks ...

2023-08-08 06:04:00 ET Summary Bank of England asked former Fed Chair Ben Bernanke to review its economic forecast after it failed so badly to stop inflation. BoE Governor Bailey said Bernanke’s review would help central bankers "take a step back and reflect on where our proces...

2023-08-08 04:00:00 ET Summary Emerging markets are filled with opportunities for growth. EM equities started the second half of 2023 on a good note. All major equity benchmarks in the Latin American region also posted gains, with macroeconomic data taking centerstage in the r...

2023-08-06 04:45:00 ET Summary Falling sales in Asia's real estate sector are causing short interest to increase, putting pressure on property developers. China's property industry, historically a key driver of economic growth, is facing challenges due to softening economic data a...

2023-08-05 11:20:00 ET Summary The Global PMI data - compiled by S&P Global across over 40 economies and sponsored by JPMorgan - showed companies' costs rising at a slightly increased rate in July, the overall level of the survey's Prices Charged Index pointing to a "stickiness" o...