The IMF upgraded its 2021 growth forecast for Emerging Market (EM) economies and downgraded Developed Markets (DM). JP Morgan announced Egypt and Ukraine are joining the main local currency bond index in Q1-2022.

A number of senior politicians had their financial affairs exposed by the release of the Pandora Papers, while the managing director of the IMF, Kristalina Georgieva, is under pressure after a report unveiled minor irregularities.

Emerging Markets (EM) Manufacturing PMI converged towards Developed Markets (DM). Brazilian exporters are hoarding US Dollars abroad due to political uncertainty. Chile’s Lower House approved another redemption from the pension system.

The country’s leadership has designed a new development model, based on a ‘common prosperity’ philosophy, aimed at modernising the economy.

Ashmore’s Deputy Head of Research, Gustavo Medeiros, discusses China’s recent policy decisions and potential implications along with the broader outlook for the Emerging Markets.

DM central banks face a challenging trade-off between anchoring buoyed inflation back to their targets just as economic activity starts to slowdown, according to the latest PMI surveys.

Emerging Markets consumer prices index (CPI) inflation remains subdued as food prices are likely to decline into year-end. Primary issuance of Eurobonds increased last week. China announced further capital account liberalisation.

Dhiren Shah and Edward Evans update on the EM Equity platform at Ashmore along with drivers ‎of performance and outlook.

The presidents of China and the United States (US) held conversations to reset their bilateral relationship.

Global PMIs declined, dragged down by Covid-19 delta variant concerns as supply chain bottlenecks kept price pressures. The Brazilian Congress approved a tax reform as the government aims for a steep fiscal consolidation.

After a nervous start last week, markets welcomed the dovish tone of Fed chair Jay Powell’s speech at the Jackson Hole Symposium.

The botched withdrawal of Afghanistan marks the end of NATO’s Nation-Building efforts in the Middle East and Central Asia. Mixed political news in Peru.

Emerging Markets (EM) inflation was stable in July at a much lower level than in the US.

The International Monetary Fund (IMF) approved a USD 650bn injection of special drawing rights (SDR), boosting Emerging Markets (EM), frontier markets (FM) and foreign exchange (FX) reserves.

Sell-side economists revised real GDP growth higher in July across two-thirds of emerging markets (EM) and frontier markets (FM) countries, while lower revisions affected one-third of EM economies.

Chinese stocks sold-off after the government announced regulatory measures to the educational sector and Shanghai hiked mortgage rates.

What is the degree of Emerging Markets (EM) stocks’ undervaluation relative to United States (US) equities?

Gustavo Medeiros, Deputy Head of Research, discusses various Emerging Markets themes.