Emerging Europe Economics Update Emerging European markets outperform other EMs Equity markets in Emerging Europe have outperformed the rest of the emerging world over the past month. The largest gains have come in Central Europe, where the growth outlook continues to improve... 25th October 2013 · 1 min read
Latin America Economics Update Surge in Argentine equities is not all good news Several recent developments, including the growing prospect of a political regime change, have combined to send Argentine asset prices soaring. But gains in Argentina's equity market are also... 24th October 2013 · 1 min read
Africa Economics Update Debut dollar bond issues still likely to go ahead The prospect of monetary policy staying looser for longer than initially expected in the US has left open a window for potential bond issues in Africa. We still expect a number of countries in the... 22nd October 2013 · 1 min read
Emerging Markets Economics Update External positions a concern not just for “BIITS” The currencies of the so-called “BIITS” (Brazil, India, Indonesia, Turkey and South Africa) have been singled out as being particularly vulnerable to a tightening of global monetary conditions. This... 21st October 2013 · 1 min read
Global Markets Update Equities back in favour EPFR Global data reveal that ETF and mutual fund portfolio flows into emerging market (EM) equities were positive in September for the first month since February. And separate daily data from six... 18th October 2013 · 1 min read
Africa Economics Update Why South Africa needs a weaker rand The South African rand was one of the hardest hit EM currencies during the summer sell-off and has now fallen by 15% against the US$ since the start of the year. However, as this Watch explains, a... 17th October 2013 · 1 min read
DM Valuations Monitor Core Europe now viewed as safer than the US The debt ceiling crisis has made it more expensive to insure against a default by the US government than the German or UK governments. (See Chart.) However, this development has not prevented long... 16th October 2013 · 1 min read
UK Markets Chart Pack Worries about the US debt ceiling support gilts Fears that the impasse in the US debt ceiling negotiations could lead to default by the US Treasury have prompted investors to anticipate a later tightening of UK monetary policy, equity prices to... 16th October 2013 · 1 min read
EM Markets Chart Pack The Brazilian real bounces back Emerging market currencies in all the major regions have generally risen against the dollar since this time last month. Those of countries in Emerging Europe have fared the best on average, although... 14th October 2013 · 1 min read
China Economics Update People’s Bank accelerates its foreign exchange purchases The People’s Bank (PBC) has been purchasing foreign exchange at a frantic rate in recent weeks,underlining again how reluctant policymakers are to leave the renminbi in the hands of market forces... 14th October 2013 · 1 min read
DM Markets Chart Pack US Treasuries shrug off debt ceiling crisis Although the shutdown of the federal government and the lack of agreement in Congress on extending the debt ceiling have pushed up the cost of insuring against a default by the US sovereign, this... 8th October 2013 · 1 min read
Emerging Markets Economics Update Quick-fire reforms won’t prevent renewed taper-turbulence Suggestions that policymakers in troubled emerging markets (EM) now have a window of opportunity to reduce external vulnerabilities before the Fed begins to taper miss the point that these countries’... 27th September 2013 · 1 min read
Emerging Europe Economics Update Improving Czech economy reduces need for FX intervention The strengthening of the Czech economy is preventing the National Bank from plumping for furtherpolicy easing, namely FX intervention to weaken the koruna. With the economic recovery still fragile... 26th September 2013 · 1 min read
EM Valuations Monitor Regional divergence in stock market valuations The recovery in emerging market equities – up almost 6% on average since this time last month – has boosted price/earnings ratios across almost all the major regions. From a historical perspective... 25th September 2013 · 1 min read
Middle East & North Africa Economics Update Equity markets rebound on back of Syria deal & Fed decision Equity markets have recovered some of their earlier lost ground as concerns overWestern military intervention in Syria, as well as fears of a tapering of QE3 by theUS Federal Reserve, have eased. 25th September 2013 · 1 min read
Global Markets Update Is the tide turning? EPFR Global data for July and August suggest that ETF and mutual fund portfolio flows into emerging markets (EMs) may have remained negative in Q3 2013 for the second quarter running amid ongoing... 24th September 2013 · 1 min read
