Economics and Markets
Kuwait’s 2020/21 Budget Reveals Record Fiscal Deficit – Marmore
Kuwait has published its budget proposal for the fiscal year 2021, which reveals that the nation’s deficit will climb for the sixth consecutive year in a row to reach a record high.
24 Jan 2020
Single Investor Sweeps Up Russia’s RUB58bn OFZ Auction
Analysts are puzzled by what is being described as one of the strangest local bond trades by the Russia MinFin in recent history.
24 Jan 2020
Prime Opportunities in EM, Loans & Inflation-Linked Securities – Neuberger Berman
Emerging market high yield debt, loans, and inflation-linked securities are amongst Neuberger Berman’s top picks within the fixed income space, according to a recent report from the firm’s Asset Allocation Committee.
23 Jan 2020
China Showing Signs of Economic Recovery is Positive for Emerging Markets
Real GDP growth in China is starting to show signs of stabilisation, with the latest print showing output stayed steady at 6% in 4Q2019 and a raft of other indicators surprising on the upside.
22 Jan 2020
RUB to Face Downward Pressure due to Balance of Payments - ING
Tepid balance of payments figures in Russia are contributing to a shrinking current account surplus, which will place downward pressure on the ruble, according to a report from ING.
22 Jan 2020
Uzbekistan Plans Ambitious IPO Schedule
Following the death of President Islam Karimov in 2016, Uzbekistan’s new President, Shavkat Mirziyoyev has set the country on a long but necessary path to reform. The relaxation of foreign exchange markets, release of political prisoners, and the sovereign’s debut Eurobond issuance have all since highlighted reform efforts in one of Asia’s most tightly controlled markets. Now, as the government…
21 Jan 2020
Brown Brothers Harriman: Emerging Markets Preview for the Week Ahead
Market sentiment on EM remains positive after the Phase One trade deal was signed. Data out of China is also supportive for EM. Key forward-looking data this week are Taiwan export orders and Korea trade data for the first 20 days of January. The global liquidity story also remains beneficial for risk, with the ECB, Norges Bank, BOC, and BOJ all set to maintain steady rates this week.
20 Jan 2020
Armenian Economy Went from Strength to Strength in 2019 – RAEX
In affirming its positive outlook and BB- rating for Armenia, the agency praised the fiscal stabilisation and a fall in public debt of one of the smaller economies in the CIS.
20 Jan 2020
US-China Trade, Global Protests, Cybersecurity Will Dominate Risks in 2020 – BlackRock
US-China trade tensions, global protests and cybersecurity are amongst the top three geopolitical risks to face markets in 2020, according to BlackRock.
20 Jan 2020
Tepid Macro Backdrop To Weigh on South African Banks in 2020 – UBS
Despite a relatively positive outlook for EM banking sectors loan growth in 2020, a troubling macro backdrop will continue to weigh on the sector in South Africa throughout 2020, according to a recent report from UBS.
17 Jan 2020