CHIX News and Press, Global X MSCI China Financials From 05/26/23

2023-05-26 21:00:00 ET Summary Treasury Secretary Yellen will soon provide an update on the X-date and that could show talks might have an extra week from the current June 1st deadline to get a deal done. The lira hit a record low against the dollar on Friday ahead of the vote, wi...

2023-05-25 23:45:00 ET Summary As inflation remains high in many developed markets, emerging market central banks were quicker to hike interest rates coming out of the pandemic that helped to steady their economies. So emerging markets started raising interest rates first, and the...

2023-05-25 08:01:00 ET Summary On Sunday night, President Joe Biden returned from the G-7 Summit, Speaker Kevin McCarthy and Biden connected, and by Monday morning talks resumed. We could see market turbulence in the coming days as the details are hammered out and the X-date draws...

2023-05-23 00:00:00 ET Summary Despite the challenges of high inflation, tightening financial conditions and geopolitical conflicts, the global economy is likely to avert a recession. World real GDP growth picked up from an annual rate of 1.6% quarter over quarter in the final qua...

2023-05-20 02:05:00 ET Summary Wall Street will remain focused on debt ceiling drama, a plethora of Fed speak, flash PMIs, and bank stress. Wednesday is the main event as the Minutes could provide some hints that some policymakers are ready to pause tightening. Next week is bi...

2023-05-17 00:56:52 ET Summary With most of the bad news now out of the way, the Global X China Financials ETF appears poised to extend its YTD outperformance. The large banks within the CHIX portfolio trade at particularly steep discounts, while the higher-beta plays offer levera...

2023-05-17 00:00:00 ET Summary Markets are being shaped by disparate trends from falling energy prices to rising interest rates. During first-quarter earnings season, company reports indicated that these crosscurrents are intensifying business challenges—and making it harde...

2023-05-16 23:05:00 ET Summary The Federal Reserve’s latest 0.25% interest rate hike has likely capped one of its most aggressive policy-tightening cycles in 40 years. Core inflation, which excludes the more volatile energy and food prices, remains historically high, but ha...

2023-05-16 15:00:00 ET Summary Last week, April’s year-over-year export and import prices showed unusually large declines. Export prices declined by 5.9%, on top of another large 4.8% decline in March. Import prices declined 4.8%, matching the March decline. L...

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...