For more information please contact us

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

Christmas comes to Cuba

Weekly investor research

22 December 2014

Christmas comes to Cuba as the country finally escapes its tragic status as a museum piece from the Cold War. Brazil raises the long-term policy interest rate as the government takes another gradual step towards restoring fiscal credibility. China’s GDP is revised higher with more to come. Colombia passes a tax reform and the FARC rebels declare a unilateral, indefinite ceasefire. Several European leaders are seeking to de-escalate tensions with Russia over Eastern Ukraine. Russia recapitalises its banks after a week of exceptional currency moves and a 650bps hike in policy rates. In the United States, the FOMC blew hot and cold without really changing the outlook for monetary policy relative to what was expected prior to the December meeting.

Full article

Latest Insights

View all