China’s financial conditions are loosening in May
This report presents the May 2021 update on the Commodity Leading Index Monetary China (CLIMC, see Appendix for index description).Increasing Loosening Our CLIMC shows that financial conditions as of mid-May continued to loosen but at a faster pace than in April. Consumer inflation in April rose by 0.9% yoy, held low by weaker food prices.As virus immunity grows globally, the prospect of a strong economic rebound over the next few quarters is fueling optimism in the markets. Yet, natural immunity in South America doesn’t seem to turn out as a good experience with Covid variants increasing the chances of re-infection. Vaccine immunity is catching up thanks to the global daily pace of vaccination that has moved from 6 mio per day at the end of February to 16 mio per day at the end of March. < [...]
The Copper Challenge is underway and competition is tight! YOUSKY is currently in the lead with a sharpe of 1.15 and returns of 16.01%, but the rankings are changing everyday! There is still time to join and submit your strategy. Find out the details and join the competition here.
Our new forum has been released, containing more features for our users, including:
China’s financial conditions are loosening in March
This report presents the March 2021 update on the Commodity Leading Index Monetary China (CLIMC, see Appendix for index description).Decreasing Loosening Our CLIMC shows that financial conditions as of mid-March continued to loosen but at a slower pace than in February. Consumer inflation in February fell 0.2% yoy, due to testing and quarantine requirement [...]
March 2021 CLIEAC indicates economic expansion in China
This report presents the March 2021 update on the Commodity Leading Index Economic Activity China (CLIEAC, see Appendix for index description).Expansion As indicated by our CLIEAC, the Chinese economy remained in expansion mode. Manufacturing conditions worsened, as reflected by the PMI figures (Caixin/Markit PMI down from 51.5 to 50.9; NBSC PMI down f [...]