The latest fund flow data is out and emerging market funds have posted a small increase (+$0.02 Billion) for the week ending May 22.
“Mothers Index” is off 22% from the top. The index moved -10% lower last night and -18% in the last 3 days.
The South African ZAR breaks to 4yr lows as banking sector under pressure and threat of rate cuts comes as inflation plummets for this commodity dependent economy.
Economy…what’s this – a thaw in the European Union economic frost?
Recall walking through the ubiquitous chain drug store near you to see the cologne shelves where the knock-off brands advertised “If you like Paco Rabanne, you’ll love ‘Paul Raven’ cologne.” Basically it smells the same but is a lot cheaper.
Hard to feel good about the level of move we have seen in Japan relative to itself. Sure, only a 25bp move in the Japanese 10yr JGBs but this is from 0.60% yield to 0.85% yield and it happened in 3 days.
Weekly Fund Flow data is out there is some unsurprising results from the top and bottom of the leader board.