CN News and Press, Xtrackers MSCI All China Equity From 08/12/22

Wuxin Technology Holdings has filed proposed terms for a $33 million U.S. IPO. The firm makes semiconductors and related products for Internet of Things applications. WXT is growing revenue and producing profits, but growth is slowing, and the company faces ongoing and unpredictab...

China Yuchai's revenue and EPS decreased by -32% YoY and -63% YoY, respectively, in 1H 2022, but its recent interim financial performance wasn't as bad as what headline numbers suggest. CYD's future financial performance might surprise on the upside, taking into account new product op...

The global business climate is deteriorating in mid-2022, putting forecasters on recession watch. Real global GDP is likely to have declined in the second quarter of 2022, pulled down by contractions in emerging Europe, mainland China, and the United States. Adverse financial cond...

Almost every month this year, the “discounts” on financial assets from their year-end 2021 prices have gotten larger, leaving the S&P 500 with its worst first half-of-the-year return since 1962 (narrowly avoiding its worst first half since the Great Depression). Ther...

The COVID-19 pandemic and its associated impact on economic growth have triggered a prolonged period of oil price volatility. While China is by far the largest importer of Oman crude, accounting for 86% of its exports, according to its Statistical Year Book 2021, all of Oman’s ...

The contribution of net exports to China’s real GDP growth surged above 20% in 2020-21. Exports growth remains solid. Larger trade surpluses can translate into larger current account surpluses. China's large trade surpluses are growth - and currency-positive - a...

Since late June, hundreds of thousands of homebuyers in dozens of Chinese cities have threatened to stop payment on mortgages for pre-sold yet stalled property projects. Banks are delaying NPL recognition in their developer loans with forbearance granted by the regulators. A key c...

We prefer investment grade credit over equities right now. Our reasoning: valuations, strong balance sheets, low supply and moderate refinancing risks. U.S. data last week showed strong job creation but still low labor participation. Stocks lost steam and bond yields spiked as markets...

Elevated inflation, slowing global economic growth expectations, and reduced central bank liquidity remain the key economic considerations. The policy interest rate divergence between the U.S. and Europe is likely to increase amid heightened recession risk in Europe. We expect mar...

As US dollar strength continued and inflation expectations softened, the gold price fell, gold ETFs lost 81t (US$4.5bn), and speculative positions in gold futures turned net short for only the fifth time since 2006. The market reaction to the July Fed meeting may encourage a more sust...