CHIX News and Press, Global X MSCI China Financials From 06/05/23

2023-06-05 13:20:00 ET Summary We see the market’s focus returning to higher-for-longer rates and sticky inflation after a U.S. debt ceiling deal. We prefer an up-in-quality portfolio. U.S. stocks hit 2023 highs after the debt ceiling deal. Yields rose amid the specter of r...

2023-06-03 07:51:00 ET Summary Global factory output prices fell for the first time in three years in May due to falling demand and improving supply. Reduced input buying by manufacturers and easing logistical issues have led to the steepest improvement in worldwide supplier deliv...

2023-06-03 06:00:00 ET Summary Global manufacturing output rose for a fourth successive month in May, according to the latest PMI surveys compiled by S&P Global, growing at the fastest rate since June last year. There are worrying signs in terms of demand conditions, which sug...

2023-06-02 21:30:00 ET Summary Cooler heads prevail over debt ceiling but are there broader implications? Recession vs resilience: Finding opportunities in a cautious market. Why fixed income still may provide opportunities for investors. The bill to rais...

2023-06-02 20:30:00 ET Summary Oil prices are rallying ahead of the OPEC+ meeting this weekend, with traders potentially fearing another surge in prices. Economic data for the week will focus on the service sector, trade deficit, and jobless claims in the US, with the ISM services...

2023-06-01 01:34:41 ET The Caixin China General Manufacturing PMI unexpectedly rose to 50.9 in May 2023 from 49.5 in April. Output rose the most in 11 months, new order growth was at 2 year-high, and foreign sales continued to increase. Meantime, buying activity expanded...

2023-05-31 12:35:00 ET Summary After a strong sales performance for washing machines, dishwashers, ovens and more during the pandemic era, the major home appliance manufacturers have faced a tough 12-month period of slowing sales. Manufacturers are looking to cut costs by simplify...

2023-05-31 02:41:21 ET The official NBS Manufacturing PMI unexpectedly fell to a five-month low of 48.8 in May of 2023 from 49.2 in April, missing market estimates of 49.4. The latest print also pointed to the second straight month of contraction in factory activity, amid weak d...

2023-05-29 14:21:00 ET Summary What does the impact of strained relations between China and the West mean for global trade? Why China's recovery is starting to falter. Does China have a youth unemployment problem? China's highly anticipated economic rebound w...

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...