As the rally across Latin America continues into the summer, investors need to be wary of the catalysts to the rally versus the reality of the expected change.
Indian equities are at all time highs, and the reverberations around PM Modi’s emphatic victory are widespread for EM.
Look at the MICEX chart and you can see that we are now back to pre-crisis levels on the MICEX.
It’s been a busy week in Emerging Markets and the Emerging Money Team has been busying bring cutting through call the chatter to bring to you what matters. Here is a quick wrap up to prepare for next week’s trading. Have great weekend until next week. Emerging Money Team
As we see the US emerge from the winter hibernation (Retail Sales, Industrial Production, Jobless Claims), we are also seeing signs of Emerging Markets recovery on Macro.
As the US threatens to escalate sanctions, the question remains how effective sanctions can be, and what would be the scale of them.