FLAX News and Press, Franklin FTSE Asia ex Japan From 10/06/22

Summary Global equity markets outside of the United States have completed a third negative quarter, with the MSCI ACWI ex US IMI Index down 11.26% in the three months through October 30. For the year to date, this index is down 27.19%, which clearly indicates a “bear market...

Summary Average input costs rose at an increased rate for the first time in five months in September, hinting at stubbornly persistent inflation within the worldwide factory sector. Supply chain cost pressures and wage pressures eased, helping bring down factory cost inflation. ...

Summary Global business conditions worsened in the manufacturing sector in September. The JPMorgan Global Manufacturing Purchasing Managers' Index™ (PMI™) dropped below the neutral level of 50.0 for the first time since June 2020. Easing of supply chain delays we...

Summary Asian markets continue to struggle this year, thanks in large part to the weak China market. The only asset class showing positive performance is volatility. It has been a bumpy ride down this year, with six failed rally attempts. We are now 25.3% below the high water mark...

Summary Emerging markets have seen a sustained period of higher nominal yields over the past 18 months. This backdrop of moderating inflation raises the question of whether there is light at the end of the tunnel for monetary policy tightening. We do not expect cuts in the ver...

Summary Officials at the world's major central banks, led by the US Fed, grew increasingly united in their resolve to bring inflation under control. The August about-face pulled the Europe ex UK and both US Russell indexes back down to the bottom of the performance ranks for the y...

Summary Macro uncertainties have stolen the limelight, but Asia’s innovative small giants are rising out of the shadows. Asian Small Giants are enabling many large, global companies, by working together as strategic partners in a larger ecosystem. We find these small in...

Summary The JPMorgan Global Manufacturing Purchasing Managers' Index, compiled by S&P Global, fell from 51.1 in July to 50.3 in August, its lowest since June 2020. Output only rose in ten of the 30 economies for which data are available, and in five of those - including mainla...

Summary Non-China Asian exports are still growing, but the pace of increase has slowed and will slow still further as key export destinations struggle with inflation, energy security, and rising recession risks. In year-on-year terms, the rate of overall export growth is now skirt...

Summary Global securities finance revenues reached $6.1bn in the first half of 2022, an increase of 12% YoY. Global ETP lending revenues were $453mn for H1, continuing to set new all-time highs, representing a 48% YoY increase. 2022 is off to an impressive start for Securities...