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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
- MSCI's EEM index has traded within the broad 51.50-55.50 range, having failed to hold onto gains above 55 at the end of May.
- While the lower bound of the lateral channel has remained intact at 52, momentum remains marginally bearish as evidenced by the RSI <50 at 46.2, bearish 50 &100 MA crossover.
- Key downside support at 51.50, 50.37 (200dma) & 50.00 round number support. Resistance seen at 55.00, 56.26 & 58.00
- Tentative risk sentiment and rising inflation concerns continue to dampen investor confidence.
- However, EM ETF inflows have managed to maintain their 29th consecutive week of inflows to reach $43.2bn
- EM Stock ETFs expanded by $849.3m, while EM Bond funds rose by $182m last week
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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.
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