What Can China's Key Economic Activity Data Tell Us About Growth Drivers In 2024?

China's National Bureau of Statistics has published key economic activity data for January and February. Overall economic momentum has remained soft in the first two months of the year. Real estate will remain a drag on the economy this year, and other investment will need to pick up the slack. Retail sales slowed at the start of year "Eat, drink, and play" theme will outperform in 2024.

PBOC Held Rates Steady In March

The People's Bank of China held the 1-year medium-term lending facility rate at 2.5% in March. The PBOC remains on a dovish tilt, but depreciation pressure on the RMB limits room for monetary easing in China. PBOC has pushed back more against RMB depreciation since the start of the year.

Clouds Clearing In The Land Of The Rising Sun

William Blair has been increasing exposure to Japanese equities across his international equity portfolios. Abenomics aims to turn the trillions of yen held in cash by households into equity investments. Japan's economy has been stagnant for decades. The country is experiencing inflation for the first time in decades.

Emerging Markets Growth Remains Solid Amid Intensifying Inflationary Pressures

PMI: Emerging Markets Growth Remains Solid Amid Intensifying Inflationary Pressures in February. Overall prices rose at the fastest rate since last October across emerging markets. India remained the brightest spot in the emerging market space, followed by Brazil, mainland China and Russia.

Weekly Report: what happened at ASHX last week (0304-0308)?

China's 2 Sessions Sets The Stage For 2024

Weekly Report: what happened at ASHX last week (0226-0301)?

This Week in ETFs: DWS Adds First Active ETF

Emerging markets surpassed developed markets in inflows last week - BofA

Emerging markets surpassed developed markets in inflows last week - BofA Securities Flow Show report. The emerging markets saw a total of $52.56B in equity inflows year-to-date. The developed markets saw $31.45B of equity infl flows last week.

Can China's Real Estate Market Survive Evergrande?

The collapse of Chinese real estate giant Evergrande is being called China's "Lehman Moment" Country Garden, another of the largest developers, has failed to repay its loans and is now facing liquidation demands from creditors. The collapse of China's real estate market is a massive reality check for the country's economy.

Weekly Report: what happened at ASHX last week (0219-0223)?

Inflation Retreating But Shelter Remains The Problem

Canada’s January CPI report came in softer than expected at an annualized rate of 2.9%. The main driver of shelter inflation was mortgage interest costs, rising 6.2% year-over-year. The trouble spot remains shelter. The Bank of Canada's inflation is now within its 1-3% target range.

Mexico Passes China As U.S.'s Biggest Source Of Imports: What That Says About The State Of Global Trade

Mexico Passes China As U.S.'s Biggest Source Of Imports: What That Says About The State Of Global Trade. For the first time in 20 years, China is no longer the main seller of goods to the US. Derek Burleton, Deputy-Chief Economist at TD, discusses the changing globalization landscape and Canada's ability to compete.

Enter The Dragon: Parsing Lunar New Year Opportunities Among Emerging Markets

As we enter the year of the dragon, Dina Ting assesses the opportunities and risks in China and Taiwan. China and Hong Kong markets had a humbling 2023 with equities down more than 10%. Beijing has begun stepping up tourism and travel promotions. Latin America was an EM bright spot that outperformed the S&P 500 in 2023.

Weekly Report: what happened at ASHX last week (0212-0216)?

Systematic Equity Outlook: Victory Not Yet Secured

Home Market Outlook Today's Market Systematic Equity Outlook: Victory Not Yet Secured by Raffaele Savi and Jeff Shen, PhD. Will the Fed fall behind the curve? More room for equities to price in disinflation. Navigating the Red Sea shipping crisis and the evolving outlook for China.

Weekly Report: what happened at ASHX last week (0205-0209)?

Emerging Markets Growth Accelerates At The Start Of 2024

China: January 2024 CPI Inflation Fell To The Lowest Level Since 2009, Likely To Mark The Bottom

Is China Coming Back With A Bang?

Chinese equities are extremely cheap and priced for bad news. We believe this environment may present opportunities for active managers. Valuation-focused and contrarian, opportunistic managers are rotating into China. Russell Investments expects the Chinese economy to achieve reasonable economic growth of 4.5-5.0% in 2024.