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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
- The global risk off environment combined with the persistent USD strength continue to weigh on EM equities, which have been constantly testing new lows since the beginning of the month.
- MXEF index is down nearly 15% since early April and broke below its 1,016.60 support yesterday to test the psychological 1000 level.
- The 1,016.60 represents the 61.8% Fibo retracement of the 751.80 – 1,445.20 range, a level that was rejected in the middle March.
- Worst performing sectors so far this year have been :
- Consumer discretionary (down 28.5%), driven by the dramatic fall in consumer confidence indicators due to surging inflation and Covid uncertainty.
- Healthcare (down 28.3%), usually considered as a long-duration sector and therefore sensitive to sudden spike in LT yields.
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.
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