Emerging market tech trades at a steep discount to its US peers, and most of the index is not tech. We score 25 countries on how AI could lift or hurt growth.

Democrats took both houses of Congress and fears of data centre regulation hit tech, but the US economy is still mid-cycle and the bottom may be close.

Why the tech sell-off has had little fundamental basis so far, and what the midterms and Iran mean for a volatile week ahead.

Takeaways from the IMF Annual Meetings: resilience once again, fiscal complacency in developed markets, and two upgrade candidates for every downgrade.

Lula wins a record fourth term in Brazil’s tight runoff. Plus: US 10-year yields slip below 5% on AI funding worries and Putin backs ceasefire talks in principle.

Core CPI surprised to the upside, yet Treasuries rallied as semiconductor and AI-credit stress drove a flight from risk. Plus: Saudi Arabia under daily Houthi fire, the IMF’s India upgrade, MSCI’s Indonesia warning and Bolsonaro’s narrowing lead.

Core CPI should stay benign even as the headline rises, while Q3 earnings must justify a market concentrated in AI. Plus: Trump’s energy ceasefire, Bolsonaro’s poll lead, Malaysia’s budget and Ghana’s upgrade.

The Fed is tightening into an energy shock, a combination that has triggered EM crises before. This time the reaction has been muted. We explain why, and the four questions that will shape the outlook from here.

Flávio Bolsonaro’s first-round lead makes a political transition likely, and his team’s fiscal plan could open a path back to investment grade. We also look at France, where 10-year yields hit their highest since the GFC.

Real yields on EM local currency bonds are close to 15-year highs and the benchmark is investment grade on average, yet the asset class remains under-owned. The September Market Commentary sets out the opportunity from here.

US 10-yr yields and oil are still climbing in lockstep and compressing valuations, yet earnings momentum keeps equities higher. Plus: the US–China tariff list, Nigeria’s surprise 350bps cut and Qatar’s return to bond markets.

Oil eased as Hormuz flows recovered, but escalation risks stay high ahead of Trump and Xi’s Washington meeting. Plus: the BoJ hikes while the BoE holds, memory chips set to overtake non-memory, Brazil’s polls diverge and Fitch affirms Morocco.

Markets price a 90% chance of a Fed hike this week even as CPI details stay benign, while Saudi Arabia shuts its East-West pipeline. Plus: Korea weighs a Hormuz deployment, Brazil’s biggest inflation drop since 2022 and Dangote’s Kenyan refinery.

Watch the replay of this insightful webinar where Rashi Talwar, in conversation with Ben Underhill (Research Associate), discuss their views of the key themes in the Indian equity market and how Ashmore is positioning.

Oil is close to USD 100 a barrel after strikes on tankers, OpenAI's GPT-6 Astra has prompted the first 'AGI' claims, and Korean exports rose 68.7%. Fitch affirms Qatar at 'AA', and the IMF and Senegal agree a new 36-month facility.

Global sustainability funding needs are overwhelmingly concentrated in emerging markets, yet impact capital still skews to developed markets. The September Emerging View sets out why EM public debt is the most scalable way to close the gap.

Global bond yields remain under pressure as Strait of Hormuz tensions flare. The 10-year JGB tops 3% for the first time since 1996, S&P affirms India's 'BBB' rating and the Bank of Korea hikes to 3.0%.

Bessent flags more long-end UST intervention; Iran's tone turns pragmatic. Ratings skew positive: Pakistan to B3, Kazakhstan to BBB, Poland A- negative. Egypt holds at 19%; South Africa CPI eases to 4.3%; Vietnam and Colombia flag reform needs.