CHIX News and Press, Global X MSCI China Financials From 07/18/23

2023-07-18 06:43:40 ET In the wake of weaker-than-expected economic data that has alarmed market watchers, China pledged to "restore and expand" consumption to bolster growth, its commerce ministry said on Tuesday. Jin Xiandong, an official with the National Development and Reform C...

2023-07-17 19:47:00 ET Summary The worldwide Purchasing Managers' Index (PMI) surveys compiled by S&P Global Market Intelligence indicated a sixteenth monthly fall in export orders for goods and services at the end of the second quarter. In May, the seasonally adjusted PMI New...

2023-07-17 13:50:00 ET Summary While the market is focused on reported inflation, consumers are not. The current large-cap, growth leadership is unlikely to lead competitive investors much longer. We have been in a “bear market” with rallies for almost 2 years. T...

2023-07-17 01:09:02 ET China's industrial production increased by 4.4% year-on-year in June 2023, accelerating from a 3.5% gain in May and beating market forecasts of 2.7%. It was the 14th straight month of growth in industrial output, mainly due to a faster rise in manufacturin...

2023-07-17 00:53:22 ET China's economy expanded by 6.3% in the second quarter from a year earlier, faster than the 4.5% growth in Q1 but missing market estimates of 7.3%. China posted 0.4% growth in the second quarter of last year as COVID-19 lockdowns restricted business a...

2023-07-14 21:14:00 ET Summary On Monday, the US ISM manufacturing report will show activity is slowing down, with the headline reading expected to fall back into contraction territory. The Russian central bank is expected to hike the key rate by 50 basis points on Friday, taking ...

2023-07-14 06:56:41 ET China's central bank has signaled that more support for the economy could be on the way, while its financial regulators are looking to woo the world's biggest investors at a time when its economy has been hit by persisting weakness and geopolitical tensions. ...

2023-07-13 00:57:50 ET China's trade surplus fell to $70.62 billion in June 2023 from $97.37 billion in the same period a year earlier and below market forecasts of $74.80 billion, as exports dropped more than imports, amid persistent weak global demand. Exports from China shran...

2023-07-12 21:25:00 ET Summary Emerging markets have been adopting new technologies, which solve existing challenges, raise productivity and reflect changing consumption patterns. During the first half of 2023, 72% of the gains and six out of the 10 largest contributors to the gai...

2023-07-12 08:30:00 ET Summary Stubborn core inflation remains the key concern for the Federal Reserve. Unfortunately, relatively strong wage growth exacerbates that concern. We would not be surprised to see more monetary stimulus and some targeted fiscal stimulus in China, which ...