Breaking News: Fitch revises outlook on china to negative
Source: Bloomberg, David Ingles
India just reported record monthly imports of silver.
Source: Tavi Costa, Bloomberg
Estimated People's Bank of China (PBOC) gold holdings
Source: World Gold Council, Gainesville Coins
Bearish Bets against the Japanese Yen reach highest level in 17 years
Source: Barchart, Bloomberg
Chinese gold ETFs have cornered the bulk of the inflows in Asia this year.
Source: David Ingles
The Imminent Inclusion of Indian Sovereign Bonds in EM Bond Indices is Attracting Huge Foreign Inflows👇
Source: Neha Sahni, JP Morgan
China and Hong Kong stocks lost nearly $5 trillion in 3 years — more than India’s market cap
Stocks in China and Hong Kong sold off a massive $4.8 trillion in market capitalization since 2021, which according to HSBC, is more than the value of the Indian stock market. Indian stocks have rallied amid broader optimism about the country’s growth. Despite a subdued global IPO market, research from EY showed Indian stock exchanges also had the most IPOs in 2023. https://lnkd.in/eFCFMe2s Source: CNBC
China's trade surplus in the first 2 months of 2024 is the biggest EVER.
Here's China's dilemma. It's caught in a deflationary debt spiral. Exports are a way out. But - at the same time - China's relations with the "developed" world are deteriorating. Source chart: Robin Brooks
