CHIU News and Press, Global X Funds MSCI China Utilities From 09/15/23

2023-09-15 19:55:00 ET Summary Federal Reserve could be cautious as data continues to show economic resilience. BoE may raise rates for the last time in this cycle. BoJ eyed for more clues on interest rates after recent hints. US The main event of the week wi...

2023-09-15 06:00:00 ET Summary The latest PMI data outlined renewed a contraction in developed markets while emerging markets growth, across both manufacturing and service sectors, slowed for a third month in a row. The rate of expansion for emerging markets remained marginally ab...

2023-09-14 08:00:00 ET Summary China’s economic performance has been extremely disappointing since the lifting of lockdowns late last year. While diverse, much of the financial stress and deepening economic weakness can be traced back to the malfunctioning property sector. ...

2023-09-13 23:02:00 ET Summary Soft consumer confidence and property-market woes are playing a large role in the slowdown of China’s economy. We believe that recently unveiled measures to support the housing market are likely to only have modest effects on bolstering econom...

2023-09-12 23:00:00 ET Summary A rebound in the Chinese property sector, spurred by the post-COVID reopening and government support, was short lived. The prospect of a broad recovery in 2023 seems unlikely due to high leverage and excess housing stock in lower-tier cities. As ...

2023-09-12 00:25:00 ET Summary In August, China’s exports declined 8.8% vs. the same month a year ago. This was bad, but better than July’s 14.5% decline. China’s imports also declined 7.3% in August, which was bad but better than the 12.4% decline in July. ...

2023-09-11 21:25:00 ET Summary As of last Friday, the Chinese yuan depreciated to a 15-year low against the dollar, to close last week at 7.3640 ($0.1358) on the USDCNY exchange rate. The U.S. stock market generally has a negative correlation with the yuan, albeit not a perfect on...

2023-09-09 02:40:00 ET Summary The Apple story is just the latest in a series of developments that seems to reflect an unsettling petulance among China’s leaders. Last month, the country quietly stopped reporting data on youth unemployment, which economists estimate to be w...

2023-09-09 01:20:00 ET Summary The opportunity set is wide and growing wider in emerging markets, according to Franklin Templeton Emerging Markets Equity. The BRICS summit in South Africa in August announced the expansion of the group to include potentially six new members in earl...

2023-09-08 21:40:00 ET Summary The European Central Bank meets next week and it’s not clear at this stage what decision they will come to. The CBR is expected to leave the key rate unchanged at 12% on Friday. It hiked very aggressively at the last meeting – from 8.5%...