EWT News and Press, iShares Inc MSCI Taiwan From 05/11/22

The pace of global economic growth slowed in April to the lowest since the downturn of the second quarter of 2020. While an easing of COVID-19 containment measures on average globally helped to sustain service sector growth in April, the rate of expansion in the service sector fell to...

We slightly reduce risk on a worsening macro outlook. We upgrade European government bonds and investment grade credit, and downgrade Chinese assets. The Fed raised rates by 0.5% last week - the largest increase since 2000 - and signaled similar rises ahead. Long-term yields shot up a...

The most recent macroeconomic figures show that the Chinese slowdown is much more severe than expected and not only attributable to the Covid-19 lockdowns. It is easy to use the Covid-19 lockdowns as the reason for the weakening of the Chinese economy but that would be a gross simplif...

Every asset class has been on a rollercoaster ride as investors are watching central bankers all around globe tighten monetary policy to fight inflation. The focus for the upcoming week will naturally be a slew of Fed speak and the latest US CPI data which is expected to show inflatio...

Lockdowns in China, especially in Shanghai, have gone on much longer than expected. The main source of economic damage from these lockdowns comes from the disruption to logistics. The government, including the People's Bank of China, has said it will execute policy actions to supp...

The internationalization of the RMB and its potential emergence as a major reserve currency are related but not equivalent. To protect against the US freezing China's foreign-exchange reserves, Beijing could aggressively diversify its reserve holdings away from US dollar-denominated a...

For the past two decades, the Chinese property sector’s exponential growth has been a key GDP growth driver for China – until its rise ended abruptly in July 2021 when property sales slumped amid increased government policy tightening. We expect any policy easing to take...

The JPMorgan Manufacturing Purchasing Managers' Index™ (PMI™), compiled by S&P Global, fell from 52.9 in March to a 20-month low of 52.2 in April. April also saw global new orders almost stall, registering only a marginal increase which was the smallest since June 20...

Beijing prodding may have reversed much of the week’s equities market pain, though I doubt positive sentiment will return anytime soon. China Development Bank CDS jumped 12.5 to 91.5 bps, surpassing the March 2020 crisis spike to a five-year high (began the year at 55bps). ...

COVID-19 lockdowns in Shanghai are impacting supply chains. There are some signs that the worst may be past. The Chinese government may take more action to support the economy. For further details see: China's COVID-19 Lockdowns Adding To Global Supply Chain Woes