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EM holding on to its gains in a quiet week

Weekly investor research

30 March 2016

In a quiet, slightly weaker week for global markets and global macroeconomic news, Emerging Markets (EM) managed to hold onto their gains after a very strong start of the month. The market was always due to consolidate ahead of important US data and Fedspeak this week, but our relatively dovish views on the US and the Fed have been vindicated and investors have not wavered. The global policy environment remains biased towards easy monetary conditions and some EM central banks such as Turkey and Hungary have cut rates. Technicals have been very supportive, with strong inflows into EM debt and equity funds and modest issuance. This week we also cover developments in Brazil and South Africa.

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