CHIX News and Press, Global X MSCI China Financials From 08/11/23

2023-08-11 20:35:00 ET Summary With Wall Street very confident that the Fed won’t be raising rates in September, the focus shifts to how strong is the economy. Eurozone:  There’s no shortage of economic releases next week but there isn’t one that stands o...

2023-08-11 06:27:25 ET As China slid into deflation last month, President Joe Biden called the country a "ticking time bomb" that puts the rest of the world at risk. "China is in trouble," Biden said at a political fundraiser in Utah, pointing to its economic slowdown and the fact ...

2023-08-09 23:45:00 ET Summary A further cooling of a recent revival of service sector growth, which had been buoyed by a post-pandemic tailwind of increased spending, waned for a second month in a row, accompanied by a deepening manufacturing downturn. The manufacturing downturn ...

2023-08-09 11:30:00 ET Summary The disinflationary trend continues, and core inflation appears to be in retreat across Western economies. Global central banks continued to raise interest rates, despite what looks to be clear disinflation evidence. Whether or not central banks ...

2023-08-09 05:11:32 ET Sino-U.S. tensions continue to escalate with plans from the Biden administration to issue new restrictions on American investments in certain advanced industries in China. While the U.S. will say they are "necessary to protect national security," Beijing is likely...

2023-08-09 01:13:57 ET China's consumer prices dropped by 0.3% y/y in July, the first decrease since February 2021, compared to a flat reading in June and market estimates of a 0.4% fall. China's statistics agency said a fall in CPI will only be temporary, and it is projected to...

2023-08-08 06:17:52 ET 2023 was the year that China's economy was supposed to come roaring back following the end of its zero-COVID policies , but all of the indicators are pointing in the opposite direction. Data has shown slowing growth and soaring youth unemployment , and the...

2023-08-08 06:04:00 ET Summary Bank of England asked former Fed Chair Ben Bernanke to review its economic forecast after it failed so badly to stop inflation. BoE Governor Bailey said Bernanke’s review would help central bankers "take a step back and reflect on where our proces...

2023-08-08 04:00:00 ET Summary Emerging markets are filled with opportunities for growth. EM equities started the second half of 2023 on a good note. All major equity benchmarks in the Latin American region also posted gains, with macroeconomic data taking centerstage in the r...

2023-08-08 02:15:11 ET China's trade surplus plunged to $80.6 billion in July 2023 from $102.7 billion in the same period a year earlier, compared to market forecasts of $70.6 billion, as exports fell more than imports amid persistently weak demand from home and abroad. Imports ...