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
Indian bonds are set to be added to global indexes. Here’s why it could be a gamechanger - CNBC
- The decision to include Indian government bonds in two prominent global indexes recently is being viewed as a shot in the arm for the rapidly growing country and is expected to bring in billions of inflows. - India’s bonds will be added to the JPMorgan Government Bond Index-Emerging Markets (GBI-EM) in June, the Wall Street lender announced in September. - Goldman Sachs said it expects India’s bond markets to see inflows “upwards of $40 billion from the time of announcement to the end of the scale-in period, or around $2 billion per month.” - The biggest buyers of India’s government debt have so far been institutional organizations such as banks, mutual funds and insurance firms but addition to global indexes means it could now diversify the country’s avenues to raise funds. https://lnkd.in/d7hwmgZH Source: CNBC
