CHIX News and Press, Global X MSCI China Financials From 07/01/22

China’s domestic activity gauges continued to rebound from April’s low, lifting China’s equities on a risk-off day. China’s latest stimulus package is mostly supply-side oriented, which suggests that near-term growth will be led by investments/infrastructur...

Global equity markets outside of the United States are completing a second negative quarter, with the MSCI ACWI ex US IMI Index down 11.33% in the three months through June 24. Looking at the major regions, China and other Asian emerging markets are completing a difficult quarter, wit...

Since my previous article, CXSE has lost ~5% vs. a loss of ~15% for EEM and has clearly outperformed other emerging markets. Despite the relatively good performance, political risks associated with the zero-COVID policy coupled with a slow real estate market recovery are likely to ham...

China's nominal GDP reached $17.5 trillion in 2021, a growth rate of 8.1%. We expect a slower GDP growth rate in 2022 due to very tight Covid measures in Q2 of this year. The Chinese yuan (CNY) is suffering depreciation pressure from the widening interest rate differential with the US...

Recession fears and central-bank tightening are driving market volatility. Markets have faced a laundry list of concerns this year, including new COVID-19 lockdowns and an economic slowdown in China, the Russia-Ukraine war, surging inflation, and central-bank tightening. We think ...

We expect elevated inflation to continue into 2023 due to the lagged impact of food supply disruption and elevated energy costs. Should a recession occur, its scale is likely to be limited by the reduced number of negative feedback loops. Consumers enter this slowdown with a large...

Large oil trading companies and refiners who are buyers of oil are not restocking because the futures curve is signaling prices will be lower in the future (negative carry). There is an inability to hedge this negative carry because longer-dated oil futures prices are lower than near-...

Several institutional factors make it more effective than monetary policy at stabilizing growth in the short run. The significant and unexpected shock from the latest COVID-19 outbreak has made it harder for China’s government to achieve its 2022 growth target. About 70% of...

Earnings for the S&P 500, according to Howard Silverblatt’s work at S&P, are expected to rise 7.7% in 2022. Growth stocks were grossly overvalued going into that bear market and they took the brunt of the damage. Real estate did well last week with rates falling bac...

Recessions have gone from being a potential consequence of high inflation and rapid monetary tightening to an increasingly likely scenario. A wrath of economic indicators are expected to confirm the trend of weakening business activity. The gas stand-off with Russia isn’t e...