CHIX News and Press, Global X MSCI China Financials From 06/20/23

2023-06-20 04:47:24 ET President Joe Biden said U.S.-China ties are on the "right trail", according to multiple media reports, hailing the progress made during Secretary of State Antony Blinken's two-day Beijing trip at a time when geopolitical tensions are on the rise. The trip in...

2023-06-19 22:28:36 ET China cut its two key benchmark lending rates on Tuesday amid multiple challenges facing its slowing economy. The one-year loan prime rate (LPR) on which most new and outstanding loans are based was cut from 3.65% to 3.55%, the People’s Bank of China (PBO...

2023-06-19 05:30:00 ET Summary After an initial spurt of activity, China’s reopening momentum has surprisingly slowed. There may be some green shoots in U.S.-China relations in the near term. The government announced a series of measures to support businesses, including...

2023-06-16 21:50:00 ET Summary Housing data is expected to stabilize, but if we see strong demand for mortgages, that could unnerve the Fed. The CBRT will announce its latest interest rate decision next week and frankly, no one knows what’s going to happen. The latest B...

2023-06-16 02:29:00 ET Summary Banking sector crises have historically been one of the key drivers of risk for emerging-market (EM) countries’ asset returns. Naturally, the recent banking crises in the US and Europe raise concerns about EM exposure to financial sector risks...

2023-06-15 00:30:40 ET China’s May retail sales Y/Y, rose 12.7% vs. 13.6% expected and 18.4% previous, marking the fourth straight month of increase in retail trade. Considering the first five months of the year, retail trade rose by 9.3%. The country&#x...

2023-06-14 19:20:00 ET Summary AIER’s Everyday Price Index fell 0.09 percent in May 2023 after rising for three of the first four months of this year. One June 13th, the US Bureau of Labor Statistics released the May 2023 Consumer Price Index. Prices of headline CPI con...

2023-06-14 10:21:00 ET Summary The value of goods traded between the U.S. and China saw a small increase in April 2023, continuing the rebound that began the preceding month. The trailing twelve-month average value of goods traded continued to fall in April 2023. The cumulativ...

2023-06-14 06:28:00 ET Summary We’ve seen signs of improvement that are positive for the Chinese internet services sector, but that space also continues to be a place of extreme competitive aggression. As a result of the creation of economic zones, increased availability of...

2023-06-12 11:45:00 ET Summary As low US stock market transaction volume immediately followed the attainment of a new bull market milestone, the media proclaimed we had entered a so-called new “bull market”. I believe it is either a head fake, an unrecognized opportu...