CHIX News and Press, Global X MSCI China Financials From 05/16/23

2023-05-16 01:28:47 ET China's industrial production expanded by 5.6% year-on-year in April 2023, missing market forecasts of 10.9%, while accelerating from a 3.9% rise in March. It was the 12th straight month of growth in industrial output and the fastest pace since last Septem...

2023-05-15 01:30:00 ET Summary Bonds and stocks rallied immediately on the release of CPI data. Chinese stock weakness was broad-based. China's housing sector appears poised to provide the biggest disappointment. Two-year Treasury yields traded at 4.06% Wednesday, ju...

2023-05-13 07:00:00 ET Summary Strong internal tourism during the Golden Week holiday in early May indicates that the domestic economy has rebounded. But exports remain weak and could worsen further. We are revising our GDP forecasts. We expect fiscal stimulus will be the main...

2023-05-13 00:44:00 ET Summary Wall Street will remain focused on debt ceiling drama, a plethora of Fed speak, retail earnings, and bank stress. This week contains nine Fed appearances, with the highlights coming from Bostic on Monday, Goolsbee on Tuesday, while Fed Chair Powell p...

2023-05-11 03:00:00 ET Summary In its effort to tame inflation, the U.S. Federal Reserve is likely to pause at the top of its interest rate cycle rather than quickly pivot toward rate cuts. But in either scenario, history suggests fixed income can offer attractive return potential, es...

2023-05-11 01:56:24 ET China's annual inflation rate fell to 0.1% in April 2023 from 0.7% in the previous month, missing market estimates of 0.4%. This was the lowest print since a deflation in February 2021 amid an uneven economic recovery after the removal of a zero-COVID poli...

2023-05-09 03:30:00 ET Summary The global equity rally that began last October made further headway in April. Growth stocks were hurt by Q1 earnings disappointments, while financials got a lift from stronger-than-expected quarterly results and waning worries about the global banki...

2023-05-09 03:25:00 ET Summary Despite the plummet in issuance during the latter half of 2022, green bonds have defied expectations and made an impressive resurgence in the first quarter of this year. While broader market challenges and uncertainty persist, we look at the growth d...

2023-05-09 01:22:19 ET China's trade surplus surged to $90.21 billion in April 2023 from $49.47 billion in the same period a year earlier, easily beating market forecasts of $71.6 billion. Exports rose by 8.5% y/y, the second straight month of increase, above market consensus of...

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...