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.

South Korean exports, a key leading indicator for global manufacturing, rose more than expected in the first 20 days of July.

Casualties related to the Covid-19 pandemic declined across most large countries in Emerging Markets (EM).

Inflation surprised to the downside across most large EM economies in June.

Emerging Market (EM) manufacturing Purchasing Managers’ Index (PMI) declined 0.7 to 51.3 in June. The Chinese monetary policy committee signalled monetary policy should remain accommodative.