CHIX News and Press, Global X MSCI China Financials From 08/29/23

2023-08-29 12:50:00 ET Summary Fed Chair Jay Powell delivered a largely hawkish message. But I believe those comments were mainly for show - I don’t expect the Fed to hike rates again. ECB President Christine Lagarde said that central bankers need to talk about forecasts in...

2023-08-29 02:27:46 ET Japan +0.18% . Japan data - July unemployment rate 2.7% (expected 2.5%) China +1.27% . Investors remain cautious ahead of the release of Chinese manufacturing PMI figures later this week, which are expected to confirm underlying weakness in th...

2023-08-28 03:33:00 ET U.S. Commerce Secretary Gina Raimondo has become the third cabinet secretary to visit China this year after landing in the country for a trip that hopes to get the two sides talking again (prior trips were made by Janet Yellen and Antony Blinken ). "Of cou...

2023-08-28 00:47:29 ET Profits earned by China's industrial firms fell by 15.5% from a year earlier to CNY 3,943.98 billion in the first seven months of 2023 amid weakening economic recovery, feeble demand, and persisting margin pressures, following a 16.8% decline in the first half of ...

2023-08-23 12:30:00 ET Summary The sovereign credit spreads on the U.S. really ballooned out. While it got resolved this time, it does make the markets more jittery. Each time it happens, it's a cumulative effect. And that is certainly not good for the reserve currency because reserve...

2023-08-23 07:08:18 ET As China continues to grapple with an economic meltdown that could spell trouble for global growth, U.S. national security adviser Jake Sullivan has called on the country to be more transparent about its economy. Beijing last week decided to stop releasing youth u...

2023-08-23 02:38:20 ET Summary China's economic troubles, including the Evergrande bankruptcy, could lead to a global credit collapse. The Chinese government is in a difficult position, trying to revive the economy while defending the yuan. Short-term investors may find opport...

2023-08-22 13:30:00 ET Summary S&P Global Market Intelligence's global real GDP growth forecast for 2023 has again edged higher, primarily owing to upward revisions to the US forecast. The US Federal Reserve is forecast to deliver at least one additional 25 basis point policy ...

2023-08-22 07:00:00 ET Summary We have seen Chinese real estate and wealth management issues in years past, and they never came to a hard landing. China has once again slipped into deflation. The latest year-over-year inflation rate was -0.3%. A Chinese devaluation would be pa...

2023-08-22 05:30:00 ET Summary Chairman Powell keeps reassuring us that the Fed is "data-dependent," but what do they do if some data is unclear or even flawed? There is a conflict between the ADP jobs data and the Labor Department's "seasonally adjusted" jobs data. In recent mont...