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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
- Since their highs reached in February 2021, EM equities have been constantly trending lower as the surge in risk aversion has been weighing on risky assets.
- The constant downward revisions in China growth expectation due to the zero-Covid policy have also been an important factor behind EM equity weakness.
- MSCI EM index is down over 30% in the past 16 months and broke back below the 1,018.25 support in June, which corresponds to the 61.8% Fibo retracement of the 751.80 – 1,449.40 range.
- Next level to watch on the downside stands at 982.70 (May 12 low).
- On the topside, resistance to watch stands at 1,041.10 (50DMA).
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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