Emerging Markets 03 (Sep 16 - Dec 21)

Global Economic Data & News 02 (Nov 15 - Dec 19)

Postby behappyalways » Wed May 29, 2019 2:46 pm

Emerging Markets Can't Evade a China Slowdown
https://www.bloomberg.com/opinion/artic ... emium-asia
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Re: Emerging Markets 03 (Sep 16 - Dec 19)

Postby winston » Tue May 12, 2020 2:21 pm

Emerging economies burn through $240 bln in reserves, drain seen continuing -BofA

LONDON, May 11 (Reuters) - Leading emerging countries have [b]burned through $240 billion [/b]in foreign exchange reserves over the past two months, Bank of America said on Monday, as central banks look to prop up their currencies and economies in the face of COVID-19.

The drain was likely to continue albeit at a slower pace, Bank of America added in a note citing reserves data for 31 states.

China, Hong Kong, Saudi Arabia, Brazil and Turkey, had all seen the biggest total drop in reserves, the bank said.

Turkey and Egypt had seen particularly large percentage declines, it added. Turkey and Romania also stood out as their official reserves did not fully cover short-term external debt over 12 months, the note said.

"The drain of reserves is likely to continue, though more slowly, during what looks to be a disappointing recovery in global and EM growth," David Hauner at BofA wrote in the note.

"After an initial bounce in activity after the opening of lockdowns, several factors are likely to restrain the recovery: high debt, corporate defaults, inefficient labour markets, de-globalisation and China-U.S. tensions."

The bank said that it was remarkable how little some other emerging market countries, including Russia, had spent of their reserves in percentage terms.

Instead, it added, they had built up credibility by allowing their currencies to adjust without much intervention, and had instead focused on cutting interest rates and in many cases buying government bonds.

Russia's central bank governor Elvira Nabiullina said on Friday the bank will consider cutting its key rate by 100 basis points in June, opening the door for a bigger cut than the market had expected.

Source: Reuters

https://www.marketwatch.com/story/his-f ... yptr=yahoo
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Re: Emerging Markets 03 (Sep 16 - Dec 21)

Postby winston » Fri Sep 25, 2020 10:58 am

I Urge You to Own These Stocks Today

by Dr. Steve Sjuggerud

The dollar is in a major decline.

A falling dollar takes a huge weight off these markets. That’s because emerging market companies often hold a lot of debt in U.S. dollars.

The MSCI Emerging Markets Index rallied more than 150% from 1987 to its peak in 1990.

Thanks to the Fed’s easy-money policies, the dollar is already falling. It’s down double digits since March. And that’s likely the start of a multiyear downtrend.

Emerging markets should be one of the biggest winners as this trend plays out. And I urge you to own them today if you don’t already.


Source: DailyWealth.com

https://dailytradealert.com/2020/09/24/ ... cks-today/
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Re: Emerging Markets 03 (Sep 16 - Dec 21)

Postby winston » Mon Sep 28, 2020 11:03 am

Emerging Markets on Edge as Goldman and Deutsche Bank Flag Risks

by Netty Ismail, Karl Lester M. Yap and Sydney Maki

Manufacturing reports from China, India, Brazil and South Africa, that are being published this week are potentially less decisive for investors than the global sentiment toward risky assets.

The wave of central-bank stimulus and investors’ hunger for yield had lifted developing-nation dollar debt for five months.


Source: Bloomberg

https://finance.yahoo.com/news/emerging ... 34446.html
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Re: Emerging Markets 03 (Sep 16 - Dec 21)

Postby winston » Sun Oct 18, 2020 12:32 pm

BlackRock's Fink 'pretty bearish' on emerging markets

by Rodrigo Campos & Ross Kerber

He said the Covid-19 pandemic is taxing emerging economies and their health systems more than developed countries, de-globalization is hurting the commodity-dependent countries and the group is more sensitive to effects of climate change.

Outside these global macro trends, a lack of trust in EM governments is further hurting the asset class.


Source: Reuters

https://www.theedgemarkets.com/article/ ... ng-markets
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