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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMorgan Stanley note that "a Chinese....>
CHINA STOCKS: Morgan Stanley note that "a Chinese equity bull market is building
with rising volumes amid improved earnings visibility & liquidity, plus
regulatory/policy support. We raise targets for indices & still exp. A-shares to
outperform. Our new June 2021 targets: CSI 300 - 5,360 (+15% upside), MSCI China
- 103 (+8%). Our earnings growth forecasts for '20 & '21 rise marginally.
- Global EM investors' underweight position in Chinese equities has narrowed
(now 100bp underweight). We see that continuing because of China's relative
macro performance & the sectoral skew in MSCI China (and increasingly, A-shares)
to the New Economy (Consumer, Tech, Communications Services, and Healthcare).
- A-shares are benefiting from strong new fund launches and rising retail
investor account openings in the context of regulatory support and an ongoing
market reform push. The expected marginal weakening trajectory of USD/CNY also
supports a preference for A-shares to cushion negative translational effect.
- Our proprietary A-share sentiment indicator showed its largest 1-week rise
ever last week & its 3rd-largest daily increase on Jul 6. However, its 65%
reading is still below levels associated with unsustainable investor euphoria."
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.