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

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Make Argentina great again
Market Commentary

Why Milei’s IMF deal could make Argentina great again

After President Milei’s rapid fiscal rebalancing, a fresh USD15bn disbursement from the IMF put Argentina in a position to slash its capital controls. Under the new FX regime, the peso - the world’s best performing currency last year - is holding firm.
Chinese and United States cargo containers
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Habemus trade deal

US cut China tariffs to 30% for 90 days, sparking risk-on sentiment and Dollar rebound. Fed held rates steady. China eased policy further. India-Pakistan ceasefire. IMF lent $1.4bn to Pakistan. Peru cut rates. Ghana upgraded.
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...

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Market commentary
Market Commentary

The case for a global macro-prudential policy

The tendency for global capital to flee ‘risky’ EM countries indiscriminately in favour of ‘risk free’ developed markets during outbreaks of global risk aversion is one of the great international market failures of  our time.
Market commentary
Market Commentary

The merits of Ecuador’s approach

Ecuador has put forward a plan for dealing with an unprecedented triple shock of lower oil prices, coronavirus and loss of access to financial markets.
Weekly investor research
Weekly investor research

The final shock

Lebanon announced a moratorium on its sovereign debt.
Weekly investor research
Weekly investor research

Volatility and opportunity

Ecuadorian bonds experienced considerable price volatility due to inaccurate journalism.