CHIU News and Press, Global X Funds MSCI China Utilities From 02/01/23

Summary China’s rebound, which has boosted emerging markets asset prices, is real, and it is led by consumption - these are the main takeaways from the latest set of domestic activity gauges. The market (both bonds and equities) has been anticipating improvements in China’...

Summary Despite softer economic conditions globally, emerging markets (EM) credit fundamentals remain supportive—and while we see some pockets of weakness, especially among energy- and food-importing countries, overall we believe EM debt is well positioned to withstand a period of we...

Summary Traders will focus on the FOMC decision, but they should also closely watch mega-cap tech earnings and the nonfarm payroll report. Economic data releases include India’s fiscal deficit, eight infrastructure industries, and both manufacturing and services PMIs. Cryptos...

Summary In the past, one of the biggest attractions of EM equities was a stronger macroeconomic growth backdrop than that of developed countries. We’re also seeing signals of declining inflation across various EM countries, including India and Brazil. Investors are understand...

Summary Gold prices have surged over the past two months with expectations that the US Federal Reserve will slow its interest rate rises. We have increased our 2023 price outlook slightly based on the faster-than-expected pivot in US interest rate policy and the return of Chinese demand...

Summary Once the ebbing omicron wave allows Chinese citizens to feel comfortable again about social engagement, we should see a decent bounce in consumption, even property transactions, and business investment will be momentarily buoyed. Inflation remains the greatest threat to the glob...

Summary The policy update doesn’t contradict the broader goals for Common Prosperity; the priorities have been reset and focuses rebalanced to tilt toward managing risk while reviving growth. I do not foresee major changes in monetary policy, which has been moderately accommodati...

Summary Why the stars have aligned for China's economic recovery. Why China's zero-COVID policy became a price too high for the economy. What China's reopening means for the global economy. China suffered one of its worst years for economic growth in decades la...

Summary It will be a busy week filled with the first look at Q4 GDP, corporate earnings, and US debt ceiling gridlock. The EU flash PMIs early in the week will be of keen interest as investors continue to assess how much trouble the economy is in. While the UK PMIs would typically b...

Summary China is expected to follow a similar pattern of post-COVID consumption, with consumers enthusiastically pursuing “revenge spending” in the Year of the Rabbit. An estimated RMB 6.6 trillion in excess savings has been built up during three years of zero-COVID policy...