The recent Emerging Market rally is built off a combination of fundamental and technical factors.
India elections will start on April 7th and last into May 16th. Significant change has been priced into the SENEX (see chart below) into the event. Are investors set up disappointment?
I am starting to get a lot of questions from investors regarding the sustainability of this rally in Emerging Markets and what can be the drivers for the next leg(s) higher.
Your Ticket to Investing in Emerging Markets Smarter than the MSCI EM Index.
Take some profits at 420 on the Index after strong run.
In state polls last night in India the opposition party won a stunning upset in areas that hold about 200 million people.
The Reserve Bank of India (RBI) is attempting to balance the risk to growth to possible increase inflation in which it decided to leave its lending interest rate (repo rate) unchanged at 7.25% as well as its reserve ratio unchanged at 4%. The RBI’s move is in line with analysts’ expectations.