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Intra-EM trade rose significantly despite protectionist policies during the first half of Donald Trump’s first term

Weekly investor research

17 February 2020

Intra-EM trade rising despite protectionist policies. Lebanon’s parliament approves confidence vote in PM Diab’s cabinet. Argentina rolls dual currency local bond as Minister Guzman speaks to parliament. China focuses on economic growth as new coronavirus cases slow down. Brazilian Central Bank sells USD 2bn via future markets to halt BRL depreciation. South Africa President Ramaphosa highlights the need for economic reform in the State of the Nation Address. Mexico and Russia cut rates by 25bps. Hungarian Central Bank signals early policy tightening as inflation rises above the target. El Salvador political risks increase. 

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