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
- We saw earlier this month that our global inflation gauge surged to 5.6% in February (based on the inflation rate of 70 DM and EM countries, GDP weighted), exceeding its pre-GFC high of 5.3%.
- Inflationary pressures continue to remain elevated in most DM and EM economies, particularly in the CEEMEA region, leading to aggressive tightening response from central banks.
- Inflation could continue to surprise positively in the near term and the return towards central banks’ target is expected to be delayed by at least half a year (to end-2023 at least) due to the war shock.
- The chart below shows that the CEEMEA inflation surprise index from Citi is standing at a historical high (looking at over 20 years of data).
- On the other hand, the economic activity is expected to slow down quite significantly, leaving risky assets (such as equities) vulnerable in the short to medium term.
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