Aerial view of the Christ, The Redeemer Monument and the Corcovado Mountain in Rio de Janeiro, Brazil.
By Gustavo Medeiros, Ben Underhill
The Emerging View

The ‘land of the future’ can’t wait much longer

Brazil’s vast natural resources have helped build a resilient economy, backed by a sophisticated financial system & a well-educated, hyperconnected population. However, persistent political volatility and inefficient public spending have hindered progress

Subscribe to our insights

Subscribe and get notified as soon as we publish our content

The latest insights from our categories

Temple at Jiufen Old Street in Taipei Taiwan
Weekly investor research

Taiwan dollar’s rally could signal further EMFX strength

US Q1 earnings strong; Q2 outlook weaker. US stagflation fears persist. Taiwan dollar rallies sharply. Oil falls on Saudi supply hike. Korean leader resigns for election. Colombia cuts rates; Brazil eyes tax reform. Simion leads Romania vote...
The United States Capitol in Washington
Weekly investor research

Erratic US policy stance still driving asset prices

Trump eased on China tariffs; EM assets rallied. IMF cut 2025 global growth to 2.8%. Kazakhstan defies OPEC+. India may retaliate vs Pakistan. IMF suspended Colombia credit. Hungary faces media probe. SA cancels VAT hike. ECB hints at more cuts.

Latest Insights

Ashmore video
Video

'EM in 10' update - July 2022

Gustavo Medeiros, Ashmore’s Head of Research, answers some timely questions about recent events and performance in Emerging Markets for our 'EM in 10' monthly video review.
Ashmore video
Video

Emerging Market Debt | Masterclass

It has been a tough start to 2022 for emerging market debt, but what could the future have in store for the months and years ahead? Ashmore’s Head of Research, Gustavo Medeiros, took part in the Asset TV Masterclass.
Recession warning
Weekly investor research

Recession signals in DM, whilst EM activity recovers

Manufacturing PMIs improved in Hungary, Colombia, Mexico and China and remained at solid levels across most countries, standing in contrast with the US and Europe where manufacturing PMIs have declined fast. Russia gains further territory in Ukraine.
Mountain hike
Weekly investor research

Hike while you can: Flash PMIs in Europe and US declined fast

The risk of an energy crisis in Europe increased further as the G7 discussed a price cap on imports of oil from Russia and economic activity surprised to the downside in both Europe and the United States, led by very poor flash PMI surveys. Chinese...
Gas pipes
Weekly investor research

Sadly, a more hawkish Fed can’t stop the war in Ukraine

The situation on the ground in Ukraine continues to suggest a protracted war of attrition for longer as gas flows to Europe get disrupted. Gustavo Petro won the presidential race in Colombia but will have to govern with a minority in parliament. Covid...
Rising food costs
Weekly investor research

Higher inflation and rates almost everywhere

Inflation surprised to the upside in the United States (US) and Europe but remains subdued across Asia and seems to have peaked in South America. Central banks will soon realise that the current level of interest rates and tightening of financial...
Ashmore video
Video

'EM in 10' update - June 2022

Gustavo Medeiros, Ashmore’s Head of Research, answers some timely questions about recent events and performance in Emerging Markets for our 'EM in 10' monthly video review.
Shanghai Skyline
Weekly investor research

Better market sentiment after good news from China

Equities and fixed income recovered from oversold levels. Russia takes further territory in Donbas as a peace deal remains elusive. Argentina allowed energy companies increasing production to access foreign currency. Brazil inflation was higher than...
Ashmore video
Video

Frontier markets, why and why now

Andy Brudenell, Ashmore’s Lead Portfolio Manager for Frontier Market strategies answers questions about why Frontier Markets, and why now for your asset allocation.
US Dollar bundles
Weekly investor research

US stocks down, EM stocks up

US stocks and the US dollar underperformed last week as economic activity slows in the US while EM stocks rebounded. China cut lending rates by 20bps. The Ukraine conflict remained at a stalemate as Russia downplayed the importance of Sweden and...
China markets with flag
Weekly investor research

China’s data weak, but leading indicators more encouraging

Finland and Sweden said they would like to join NATO. China’s economic data was much weaker than expected in April, but higher frequency data improved in May. Brazil’s Petrobras hiked diesel prices despite political pressures. Most Chileans said they...
Victory Day
Weekly investor research

No breakthrough on victory day

There was no breakthrough from Russia during victory day and no significant sanctions on Russia following the G7 meeting. Brazil hiked policy rate by 100bps to 12.75%, Czech and Poland hiked 75bps to 5.75% and 5.25% respectively while India hiked 40bps...
gas-pipeline-with-flags-of-Russia-and-EU
Weekly investor research

Russia threatens to cut gas supplies to Europe

Russia announced it halted gas supplies to Poland and Bulgaria and said it repaid the Eurobonds before the end of the grace period. Brazilian consumer price inflation rose less than expected. The Chinese politburo sent a strong message of support for...
Ashmore video
Video

'EM in 10' update - May 2022

Gustavo Medeiros, Ashmore’s Head of Research, answers some timely questions about recent events and performance in Emerging Markets for our EM in 10 monthly video review.
Bull trap
The Emerging View

The USD bull trap and EM USD debt

Emerging market assets underperformed over the first four months of the year as market participants priced in a much more hawkish hiking cycle by the Fed. At the same time, higher interest rates differentials buoyed the greenback lead the US Dollar...