CHIX News and Press, Global X MSCI China Financials From 07/04/22

Markets ended the week down bad, precipitated by mixed PCE data, slowing consumer spending, and a weaker-than-expected PMI print. Consumer sentiment and confidence worsen as inflation proves to be sticky and billionaire Jim Coulter expects "Phase 2" of his market downturn playbook to ...

The BoJ's insistence that inflation, running slightly above target, is not sustainable is that it is a function of higher fresh food and energy prices and the statistical impact of last year's cut in cell phone charges dropping out of the 12-month comparisons. What is missing, the BOJ say...

The rising economic weight of APAC has far-reaching economic implications, notably due to the growing economic importance of APAC consumer markets as drivers of world demand growth. The rapid growth of China's economy over the past two decades has been a major driving factor for the i...

Manufacturing growth rebounded sharply in mainland China during June, according to the Caixin PMI survey, compiled by S&P Global. The upturn in the index brings it to a level which signals the return of strong factory production growth after three months of severe declines. On...

Why an economic downturn may not weigh on oil prices for long. Oil has a long-term inventory issue, and only falling demand will help bring down prices. Why oil prices could climb to $130 a barrel or higher in coming quarters. Oil prices have remained at higher l...

In contrast to some other market observers expecting a contraction in EM earnings in 2023, at the start of this year we highlighted the likelihood of a recovery driven by India and China. Factories are reopening, port bottlenecks are easing, and there are signs that supply chain disru...

A shortened trading week on Wall Street will have traders focusing on the FOMC minutes, a few Fed speakers, and the June nonfarm payroll report. I don’t think there’s any such thing as a quiet week for Europe at the moment but next week is probably as close as it gets. ...

China’s zero-COVID policy has cratered the economy, severely hampering mobility and discouraging consumer spending on services. In addition, it has extended economic uncertainty for businesses and caused significant disruption to supply chains. The rollover in global demand - a...

The global economic outlook has deteriorated sharply; we now expect GDP growth to be well below potential in 2023. While the near-term economic outlook is challenging, not all downturns are catastrophic - unlike those during the pandemic and global financial crisis. The economic o...

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...