For more information please contact us

ashmail [at] ashmoregroup [dot] com (Email Ashmore)

Business as usual in Emerging Markets as year-end market dynamics begin to make themselves felt

Weekly investor research

02 December 2013

Breath-taking pace of reform in Mexico, 10% rates in Brazil, scorching growth in the Philippines, a resolution to the YPF dispute in Argentina, the government survives a no-confidence vote in Thailand, South Korea’s big BOP surplus surprise, Nigeria set to overtake South Africa as the continent’s largest economy, Ukraine plays both sides, and India starts to debate moving local bonds to Euroclear settlement. In short, business as usual in Emerging Markets (EM). Global market sentiment produced headwinds for EM fixed income, but support for EM and Frontier Market equities. Year-end market dynamics – fast money squaring positions – may already be making themselves felt. US data was mixed to marginally positive, and Germany moved towards a grand coalition government. The main global market focus this week will be US payrolls before attention switches to December’s FOMC meeting.

Full article

Latest Insights

View all