Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EMERGING MARKETS
- Momentum on EM equities have been bearish since February amid a rising uncertainty over a range of risk factors (Delta variant, falling growth expectations, contraction in Chinese liquidity); MSCI EM index is down 12% since its Feb 18 high.
- We previously saw that the collapse of China real estate giant Evergrande has been weighing on the entire EM real estate sector, which experienced a 18% drawdown in July.
- In August, Consumer Discretionary, Health Care and Materials have been the weakest performers, with the indexes down 5.3%, 2.2% and 2.1%.
- EM equities remain vulnerable in the near term as preference for the US Dollar could start to rise as Fed taper nears.
- Consensus is currently pricing in the Fed to announce the tapering in November for a December start.
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok