Weekly Report: what happened at FXI last week (0408-0412)?

Asia Markets Ex-China Dips, Europe Advances, While Gold Reaches $2,360 - Global Markets Today While US Slept

All major U.S. Stock markets closed sharply lower on Friday, April 12th. All major indices fell over 1% for the week, marking weekly declines. In economic data, export prices rose 0.3% in March and import prices climbed 0.4%.

Reported Sunday, China's Electric Vehicle Charging Infrastructure Experienced Steady Growth In Q12024, Citing Industry Data.

PBOC keeps one-year medium-term lending facility rate steady at 2.5% to aid economic recovery

PBOC keeps one-year medium-term lending facility rate steady at 2.5% to aid economic recovery. People's Bank of China kept the rate on CNY 100 billion worth of one- year policy loans to some financial institutions. The central bank drained a net CNY 70 billion of cash from the banking system in April.

Asia markets in red as tensions in the Middle East mounted after Iran attacked Israel

Asia markets in red as tensions in the Middle East mounted after Iran attacked Israel over the weekend. Japanese machinery orders beat expectations for February. China's People's Bank of China kept its lending rate at 2.5%. All three major Asian markets ended in red on Friday.

U.S. Senior Administration Official Says China Is Supporting Russia's War Effort In Ukraine By Helping It Ramp Up Its Defense Production; Says China Is Providing Russia With Significant Quantities Of Machine Tools, Microelectronics, Optics, Drone And Cruise Missile Technology And Nitrocellulose Used For Weapons Propellants

U.S. Faces Pushback On More China Chip Curbs As Election Nears; People Familiar With Meetings Describe Pushback On Chips Curbs

Gold Clocks New High At $2,415, Asia Markets Sans Japan Dip, Europe Gains - Global Markets Today While US Slept

The U.S. Stock markets ended mostly higher on Thursday, April 11th. The Dow Jones Industrial Average declined 0.01% and the S&P 500 gained 0.74%. Higher-than-anticipated CPI data pushed Treasury yields to a peak not seen since November. Japan's Nikkei 225 index closed higher.

Wall Street Journal Reported China Tells Telecom Carriers to Phase Out Foreign Chips in Blow to Intel, AMD

China's trade surplus smaller than expected as exports drop more than imports

China's trade surplus smaller than expected as exports drop more than imports. Exports shrank by 7.5% in March 2024 from $78.43 billion in the same period a year earlier. Market forecasts of $70.2 billion were far below market forecasts.

Asia markets mixed ahead of trade data in China and bank earnings

Chair Of U.S. House Of Representatives China Panel And Top Democrat Urge Biden To Halt Approvals Of Additional China Flights -

China And DPRK Sign Mutual Diplomatic Visa Exemption Agreement

US Inflation Data Plays On Asia and Europe Markets, Gold Trades Above $2,350 - Global Markets Today While US Slept

Annual inflation rate in the U.S. Reached 3.5% in March, up from 3.2% in February. The major indexes ended the day lower after unexpectedly high inflation data reduced hopes for early Fed rate cuts. Japan's Nikkei 225 index ended the trading day lower on Thursday.

Goldman Sachs Unveils “New Investment Era” 

Goldman Sachs has announced the beginning of a “New Investment Era” The investment bank believes investors can achieve diversification by looking beyond traditional stocks and bonds. Goldman Sachs says the TINA era may be taking a hiatus as investors look for alternatives to the stock market. The bank says investors can now look at alternative asset classes like infrastructure and real estate.

Asia markets mostly negative after U.S. inflation hotter than expected, China CPI slows

Asia markets mostly negative after U.S. Inflation hotter than expected, China CPI slows. China's consumer prices edged up 0.1% Y/Y in March 2024, compared with market forecasts of 0.4%. Japan -0.35%, China +0.23%. Exports from the Philippines climbed at fastest rate since October 2022.

China's inflation rate rises at a slower pace than expected

China's inflation rate rises at a slower pace than expected. Consumer prices edged up 0.1% Y/Y in March 2024, compared with market forecasts of 0.4%. Monthly, the CPI decreased 1.0%, the first fall in four months. The notable slowdown came as the effects of the Lunar New Year waned.

PGJ: Good Fund But Heavily Concentrated In China Consumer Plays

Invesco Golden dragon China ETF tracks the Nasdaq Golden Dragon China Index and offers exposure to Chinese companies. The fund's top holdings include Alibaba, Yum China, Baidu, NetEase, and JD.com. China may be bottoming out and could be a strong contrarian trade for investors.

President Biden On China Says Keep Improving Our Lines Of Communication With China; Agreed With Xi We Would Have Personal Talks Whenever We Want; Japan Cooperation Does Not Have Anything To Do With Conflict

Earthquake Of Magnitude 5.73 Strikes Southern Xinjiang, China