EWA News and Press, iShares MSCI Australia Index Fund From 12/13/22

Summary Australia's economy is showing clear signs of slowing and will drop further in 2023. House price growth appears to be on the cusp of turning negative and provides a rationale for a peak cash rate at the relatively low level of 3.6%. We believe the economic slowdown will be a...

Summary US equity markets have gotten off to a very weak start to December with four consecutive declines to start the month (and futures on Wednesday pointing to a fifth straight day). For most of the year heading into December, we saw the bond market fall in tandem with stocks, but re...

Summary After a round of soft inflation data triggered a buy-everything relief rally, Wall Street will focus on Fed speak and a plethora of data points that might show the economy remains resilient. It’s a relatively quiet week for the EU with the two standout economic rele...

Summary Global climate adjustment is falling behind in meeting the targets of limiting temperature rise to below 2 degrees Celsius and reaching net-zero emissions by 2050. Developing economies vulnerable to climate change are likely to undertake concerted calls for "loss and damag...

Summary This week will be massive for markets as investors closely watch to see how inflation moderates. In addition to the inflation report and the midterm election, traders will also closely monitor the preliminary University of Michigan Survey. A quiet week as far as upper-...

Summary Will the fourth 75 basis-point rate hike be the last major rise before the Fed downshifts in December? Next week’s FOMC decision is widely expecting a unanimous vote for one last major rate increase. Inflation has hit double-digits and remains the ECB’s numbe...

Summary With inflationary pressures and recessionary fears remaining top-of-mind, equity managers see no short-term end to the bumpy ride in markets. One of the key risks cited by equity managers in our third-quarter report is the possibility of inflation remaining stuck at high l...

Summary The latest flash PMI data showed that Australia's private sector economy shrank for the first time since the start of the year in October. The au Jibun Bank Flash Japan Composite PMI showed the Japanese economy expanding for a second straight month in October and at the st...

Summary Wall Street will pay close attention to the first look at third-quarter GDP. This is the critical week for guidance from mega-cap tech that will either make or break risk appetite. A new week will bring a new Prime Minister in the UK, the third in two months, following...

Summary Following a dizzying rally during the Covid recovery, global housing markets have cooled recently as affordability has declined. In Sweden, the combination of mostly floating mortgages, uncomfortably high inflation, and a central bank behind the curve but determined to cat...