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The art of the deal: EM opens up to the World
Weekly investor research
21 October 2019
Emerging Markets are opening up to the World. A temporary ceasefire between Turkey and the Kurdish was agreed in
Northern Syria. Large protests erupt in Lebanon and Chile. Brazil auctions oil fields and seeks to increase privatisations.
China GDP slowed as expected, but signs of stabilisation abound. Saudi Aramco postpones its IPO. India inflation declines.
Bank of Korea cuts rates. Romania shows growing signs of overheat. Kenyatta scraps the cap on interest rates. In the UK, a
second Brexit deal has been sealed, but remains unapproved by Parliament. The United States and China signalled a
conclusion of ‘phase one’ of a trade deal is possible by mid-November.