EM Markets Chart Pack China’s growth slowdown may hold back EM equities We think slower growth in China will continue to weigh on the country’s stock market, as well as those of some other emerging markets (EMs). 27th August 2021 · 8 mins read
EM Markets Chart Pack We expect generally higher long-term EM bond yields We think investors may be overestimating how much monetary policy tightening is on the way in emerging markets (EMs), but still expect long-dated EM government bond yields to rise a bit from here. 29th June 2021 · 8 mins read
EM Markets Chart Pack We think EM equities will rise, not shine We forecast that emerging market (EM) equities will make further gains between now and end-2022 as the global economy recovers further. However, they have lost a bit of ground to developed market (DM)... 27th May 2021 · 8 mins read
EM Markets Chart Pack Toning down our optimism about EM assets & currencies We have become more pessimistic about the outlook for emerging market (EM) assets and currencies as we now expect the 10-year US Treasury yield to rise further over the next two years. 1st April 2021 · 7 mins read
EM Markets Chart Pack We don’t think we are in for another “taper tantrum” We still expect emerging market (EM) “risky” assets and currencies to make further gains this year, despite growing concerns about another “taper tantrum”. 23rd February 2021 · 8 mins read
EM Markets Chart Pack We expect EM local currency bond yields to remain low Positive vaccine news has not changed our view that monetary policy in many emerging markets (EMs) will generally remain loose for some time yet. That is a key reason why we still expect EM local... 18th December 2020 · 8 mins read
EM Markets Chart Pack Reaction to vaccine news may be a sign of things to come Equities and bonds in emerging markets (EMs) rallied sharply on the vaccine news earlier this month, particularly outside of Asia. We think they will continue to fare well as the global economy... 27th November 2020 · 7 mins read
EM Markets Chart Pack We expect the renminbi and other Asian currencies to rise Despite the sell-off in most emerging market currencies over the past week, we continue to think that most will strengthen against the US dollar as the global economy recovers. In particular, we have... 24th September 2020 · 7 mins read
EM Markets Chart Pack Recent outperformance of EM equities likely to continue We think that the recent outperformance in local-currency terms of the MSCI EM Index relative to the MSCI World Index of developed market (DM) equities will continue as the global economy recovers... 25th August 2020 · 7 mins read
EM Markets Chart Pack Most EM currencies likely to rise a bit further While much of the rebound in EM currencies is now probably behind us, we think that many of them will rise a bit further against the US dollar as risky assets generally continue to recover. 17th June 2020 · 7 mins read
EM Markets Chart Pack We expect the EM rebound to continue While EM assets, especially in Latin America and EMEA, have been among the worst hit by the fallout from the coronavirus pandemic, we think that they will regain some of the ground lost over the past... 13th May 2020 · 7 mins read
EM Markets Chart Pack Outlook for EM assets remains poor regardless of virus Even if the coronavirus outbreak in China is brought under control and the recent moves in equity and bond markets unwind, we think that most EM assets will not make significant gains this year. This... 11th February 2020 · 7 mins read
EM Markets Chart Pack EM currencies likely to weaken; Chilean peso an exception Optimism about an imminent resolution to the trade war between the US and China and subsiding protests in Latin America have supported EM currencies over the past month. But, barring a few exceptions... 11th December 2019 · 7 mins read
EM Markets Chart Pack Equity rally unlikely to last, regardless of a trade deal EM equities have continued to rise over the past month, seemingly driven by optimism about an imminent US/China trade deal and some improvement in the economic data. But we are sceptical that the... 13th November 2019 · 7 mins read
EM Markets Chart Pack EM financial markets not yet out of the woods The last few weeks have been kinder to EM financial markets than the start of August, when equities and currencies slumped as the US-China trade war ramped up again. Even so, neither has performed... 5th September 2019 · 8 mins read
EM Markets Chart Pack Economic weakness threatens EM equity rebound Emerging market (EM) equities have continued to recover from their sharp falls in May, but we do not think that they are out of the woods this year. Expectations for EM corporate earnings seem to be... 17th July 2019 · 8 mins read
