PBOC Surprises Markets With An Off-Schedule 20bp Cut To The MLF

PBOC Surprises Markets With An Off-Schedule 20bp Cut To The MLF. Collateral reductions for MLF signal the PBOC's intention to cool the bond market. The PBOC cut the 1-year medium-term lending facility (MLF) rate from 2.5% to 2.3%.

China Cuts 7-Day Reverse Repo Rate And Loan Prime Rates In Move To Support Growth

China's Third Plenum Provides Little Support To Metals

Weekly Report: what happened at XPP last week (0715-0719)?

Rising Costs And Gloomier Prospects Cast Shadow Over Emerging Market Outlook

Emerging market economic growth was sustained at a solid pace in June, despite easing from the one-year high seen in May. The expansion was led by manufacturing as service sector growth slowed. Manufacturing production rose at the fastest pace since November 2020. Input price inflation climbed to a ten-month-high, driven by rising costs.

What To Expect From China's Monetary Policy Framework Reforms

The PBOC has signalled that changes to China's monetary policy framework may be on the horizon. Governor Pan Gongsheng has suggested the medium-term lending facility may be phased out as the main policy rate. The 7-day reverse repo rate is expected to be the main rate in the future.

Evolving Geopolitics Create Opportunities

Home Investing Strategy Portfolio Strategy Evolving Geopolitics Create Opportunities. William Blair says the world economy is clearly growing. He says major economies are growing at or above their potential rates. Every geopolitical change presents opportunities to someone, somewhere, he says. Blair says there's a disconnect between the geopolitical narrative and economic reality.

China's Economy Is In Deep Trouble

China's Q2 GDP Slowed By More Than Expected In New Challenge To Achieving Growth Target

Weekly Report: what happened at XPP last week (0708-0712)?

Emerging Markets Show Resilience Despite Global Monetary Tightening

IMF: Emerging Markets Show Resilience Despite Global Monetary Tightening. Capital flows into emerging markets have recovered from a post-pandemic low. The US accounted for 41 percent of global gross inflows in 2017-19. The IMF says emerging markets must double down on improvements in macroeconomic frameworks.

Softer-Than-Expected June Inflation Continues To Bolster The Case For Easing In China

Weekly Report: what happened at XPP last week (0701-0705)?

Global PMI Signals Cooler Services Inflation In June, But Goods Prices Show Further Rise

A Stronger U.S. Dollar - Will EMS Feel The Pinch?

A Stronger U.S. Dollar - Will EMS Feel The Pinch? in 2024. The US dollar has strengthened notably in 2024 with the shift in market expectations to higher rates for longer in the US. A strong US dollar could have consequences for emerging markets (EMs) specifically. However, we believe EMs as an asset class will be more resilient to the consequences of a stronger dollar.

Emerging Market Stocks: Great Businesses Hide In A Murky Market Landscape

Weekly Report: what happened at XPP last week (0624-0628)?

Is The Chinese Stock Market Truly Uninvestable?

Critics believe Chinese stocks are uninvestable due to a myriad of economic and geopolitical issues. The Chinese stock market dropped by more than -60% in the past three years. Despite its many challenges, Chinese stocks may still be investable for those with enough risk appetite.

ProShares Ultra FTSE China 50 declares quarterly distribution of $0.0757

China Struggles

China's stock market has been mired in a long and steady downtrend for several years. In February, the Shanghai Composite bounced just over 20% but the rally was capped at the knees with a 7.6% decline over the next five weeks. Chinese stocks have never been heavier. The Shanghai Composite's intraday high has been lower than the prior session's high 18 times in the last 20 days.