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China again surprises on speed of reforms
Weekly investor research
31 May 2016
China confounds the bears again as the bond market is opened fully – do not bet against China. Odds of GST reform rises significantly in India. Mehmet Simsek may prove to be a lame duck in the Turkish government. Argentina tightens reserve requirements as monetary policy normalisation continues amidst speculative currency appreciation. Russia shows that sanctions are ineffective. Brazil’s twin surpluses. Nigeria concedes defeat on its fixed exchange rate policy. In addition to the snippets section, we discuss the complex balancing act facing the US, Europe and Japan when it comes to currencies.