CHIX News and Press, Global X MSCI China Financials From 11/02/22

Summary The global economy has been hit by several headwinds, almost all of them leading back to higher inflation. Europe is likely already in recession, the U.S. will enter recession in Q2 2023, while China struggles to make recovery headway. Markets have faced up to the reality ...

Summary Mainland China is playing a leading role in the electrification of the commercial vehicle industry. The baseline weakness is anticipated to deepen into early 2023 under the continuation of the "dynamic zero-COVID" approach despite vaccination progress. Bus makers are b...

Summary The Franklin Templeton Emerging Markets Equity team offers some highlights of China’s 20th Congress and investment considerations. Continuity in policy direction is likely to remain, with quality growth a priority - promotion of common prosperity, housing for all, g...

Summary Gold demand (excluding OTC) in Q3 was 28% higher y-o-y at 1,181t. Year-to-date (y-t-d) demand increased 18% vs. the same period in 2021, returning to pre-pandemic levels. Central banks continued to accumulate gold, with purchases estimated at a quarterly record of nearly 4...

Summary China’s activity surveys point to a weak start to Q4. Can further easing change the growth trajectory if the zero-COVID policy remains in place? China’s upside growth surprises do not seem to last. A better-than-expected Q3 GDP print was swiftly followed by t...

Summary Central banks across the globe are not in lock step with the U.S. Fed. Could this limit what the Fed could do? Will the Fed start signaling a less hawkist direction for rates? Finding bright spots in the fixed income market. Bank of Canada raised overnight ...

Summary With this month's hike, the Federal Reserve would have raised overnight rates by 300 bp while doubling the pace that its balance sheet is shrinking over the past 100 days. The JPMorgan Emerging Market Currency Index stabilized in October after falling by nearly 8.5% in the...

Summary Our main takeaway from China’s 20th Party Congress is the emphasis on security, implying further self-sufficiency—and potential investment opportunity—in the food, energy and technology sectors. At the time of writing, Chinese stocks have regained most...

Summary China is taking measures to support its property market, so declines are likely to ease—and even if they don’t, we’re not looking at a subprime crisis. A proactive Chinese invasion of Taiwan is a low-probability event in our view, at least over the nea...

Summary The outlook on China stimulus. Bank of Canada slows pace of rate hikes. Q3 earnings season update. On the latest edition of Market Week in Review, Chief Investment Strategist for North America, Paul Eitelman, and Investment Strategy Analyst BeiChen Lin discus...