For more information please contact us
ashmail [at] ashmoregroup [dot] com (Email Ashmore)
Debt, denial and many moving parts in Emerging Markets
Weekly investor research
08 December 2014
Ahead of US rate hikes we remind everyone that per capita debts have risen by USD 50,000 in developed countries and fallen
by USD 3,500 per person in Emerging Markets (EM) since 2000. We also cover the latest developments in China’s financial
liberalisation, changes in the Indian banking sector, Tabare Vazquez’s victory in Uruguay, elections in Moldova, pipeline
developments and inflation in Russia, the change in policy direction in Brazil, Mexico’s manufacturing up-turn, cabinet
appointments in Ukraine, Argentina’s local law debt swap, bond market developments in Indonesia, rising political noise in
Venezuela, falling political noise in Colombia and Ethiopia’s entry to the global capital markets. We also discuss the Fed,
payrolls, US manufacturing, ECB and Japan’s upcoming election.