CHIX News and Press, Global X MSCI China Financials From 04/06/23

2023-04-06 00:24:36 ET The Caixin China General Services PMI increased to 57.8 in March 2023 from 55.0 in February, pointing to the fastest pace of expansion in activity since last November 2020, boosted by a sharp rise in new orders and employment, following the recent easing of COVID-19...

2023-04-05 02:22:00 ET Summary Earnings expectations have weakened this year; however, we still expect lower earnings per share growth than consensus expectations. Profit margin changes are a key driver of earnings growth. We expect further margin weakness ahead. Our weak earn...

2023-04-03 01:49:53 ET The Caixin China General Manufacturing PMI unexpectedly fell to 50.0 in March 2022 from February's 8-month peak of 51.6, missing market forecasts of 51.7. The latest result highlighted growing doubts about the strength of Chinese recovery momentum, amid ongoing ...

2023-04-01 02:02:00 ET Summary The March US jobs report may not be enough to stop the Fed from tightening another 25 basis points in May. The South African Reserve Bank surprised markets and raised rates by 50 basis points in March, taking the policy rate to 7.75%. China: the ...

2023-03-31 06:30:00 ET Summary Slower growth and tighter financial conditions could mean a lower terminal rate and bring forward the timing of the first rate cut. While front-end yields have declined in recent weeks, they are still near multi-decade highs and may remain here as in...

2023-03-31 03:30:00 ET Summary Pricing the damage: Financial cracks and economic damage are emerging from the fastest rate hiking cycle since the 1980s. What matters: how much damage is in the price and our assessment of market risk sentiment. Rethinking bonds: We see higher yield...

2023-03-31 03:00:00 ET Summary The world would be a lot easier for central bankers if things moved in a straight line. China has opened much more or has reopened much more rapidly than we would’ve expected. We’re pretty optimistic about what we think fixed-income...

2023-03-30 03:35:00 ET Summary The People's Bank of China has already cut its Required Reserve Ratio and has continued to pump liquidity into the money market over the past few days. From the 21st to the 29th of the month, the central bank injected more than CNY850 billion of net ...

2023-03-28 21:59:00 ET Summary The global economy is in a moderate slowdown, with financial markets being whipsawed by tensions in the banking sectors of the US and Europe in the final weeks of the quarter. Thus far in 2023, global equity markets have proven to be resilient in the...

2023-03-28 05:00:00 ET Summary The primary reason why China wants a cease-fire in Ukraine is that the G7 has started sanctioning Chinese companies that do business with Russia. The European Union and Canada’s goals of reducing carbon dioxide emissions can have severe conseq...