CHIX News and Press, Global X MSCI China Financials From 05/07/23

2023-05-07 04:45:00 ET Summary A strong start to the second quarter was heralded by April's PMI data for China, with expanding business activity being driven by resurgent demand for services. The diverging output trends were reflective of varying demand conditions within the two s...

2023-05-06 09:39:00 ET Summary The earnings season in emerging markets is underway. Flat headline earnings growth in 2023 masks significant divergence across individual markets. The Chilean government is issuing new rules on lithium mining in the country. While inflationary wo...

2023-05-06 08:01:00 ET Summary Inside China's reopening trend. Why some companies continue to benefit from China's reopening, while others fade? Is China's economic rebound sustainable? China's reopening has given several sectors, such as the retail luxury se...

2023-05-06 01:15:00 ET Summary The US labor market is showing signs of resilience, but now the focus shifts back to inflation, with a close eye staying on the banking space. President Biden will meet with four top congressional leaders on May 9th to discuss the budget which will d...

2023-05-05 03:30:00 ET Summary Falling selling prices will add to speculation that global goods inflation will continue to cool as China exports lower-priced goods. The renewed drop in demand was met by a further cut in factory payroll numbers, with the rate of job losses at the h...

2023-05-05 01:40:00 ET Summary A marginal improvement in global manufacturing output was recorded for a third consecutive month in April. The steadying of the sector after the downturn seen late last year can be largely traced to improved supply chain conditions, with supplier del...

2023-05-05 01:30:25 ET The Caixin China General Services PMI declined to 56.4 in April 2023 from March’s 28-month high of 57.8, pointing to the fourth straight month of expansion in the sector, after lifting COVID-19 restrictions although expansion slowed slightly, as new orders ...

2023-05-04 02:52:02 ET The Caixin China General Manufacturing PMI unexpectedly fell to 49.5 in April 2022 from 50.0 in March, missing market forecasts of 50.3. The latest result was the first contraction in factory activity since January, amid an ongoing property downturn and fear...

2023-05-04 02:34:00 ET Summary There are many red flags for foreign investors seeking access to the world’s second-largest economy. In our global and international portfolios, we have been consistently below benchmark weight in Chinese equities. With government backing ...

2023-05-04 02:30:00 ET Summary In a welcome departure from 2022, first quarter returns across the board were positive for the capital markets despite meaningful volatility. We saw a continued outperformance by international stocks versus the US and positive returns for fixed incom...