Wednesday, June 28, 2017
On 20 June 2017, Morgan Stanley Capital International (MSCI), a widely tracked provider of global indices, announced its decision to add China’s local currency shares (A-shares) to the MSCI Emerging Markets Index. MSCI will include around 222 large-cap Chinese equities in the index from June 2018, along with other international indices that cover Chinese stocks. The long-awaited decision, which came after three previous rejections by the global index provider, brought cheer to China’s stock markets. MSCI’s decision is seen as an acknowledgement of the progress made by China in opening its capital markets.
Monday, December 19, 2016
Most major global markets finished in the green this week (concluding 16th December 2016), but only barely, following US Fed announcement of a rate hike and an unexpected faster pace of rate hikes indicated in 2017.
• US equities managed to inch up further this week, led by DJIA pushing towards 20,000 level with its sixth straight week of gains.
• Italy leads the European rally, in its fourth consecutive week of closing in the green.
• Asian equities slide, with weakness for most part of the week, even before the US Fed rate hike announcement.