Global
Brown Brothers Harriman: Emerging Markets Preview for the Week Ahead
Leading investment advisors Brown Brothers Harriman give their take on the big drivers and key economic events to look out for in emerging markets this week
6 Jan 2020
Webinar: What are the top themes likely to dominate emerging market investing in 2020?
Mark Mobius, Director of Mobius Capital Partners gives his outlook for 2020
2 Jan 2020
Emerging Market Debt in 2020: Global Investors on The Short, The Long, and Everything In-Between
Despite trade tensions, political volatility, and the occasional instance of societal upheaval, emerging market debt returns were broadly positive this year as investors once again hunted for yield against a backdrop of globally depressed rates. Will 2020 see much the same, or will concerns over global growth and rising political risk lead the market into a downturn? We summarise what top…
20 Dec 2019
Commodity Price Swings: Precious Metals Seen Shifting Higher as Oil Softens in 2020 – SCB Data
Commodities markets have seen prices swing higher in 2019 in key segments, but the outlook for 2020 is far from certain, according to new research from Standard Chartered Bank.
16 Dec 2019
Brown Brothers Harriman: Emerging Markets Preview for the Week Ahead
Risk assets such as EM got a big boost last week, as tail risks from a hard Brexit and the US-China trade war have clearly ebbed. Still, the initial lack of details on the Phase One deal as well as uncertainty regarding the next phases have left the markets a bit jittery and nervous. Hopefully, this week may bring some further clarity and the good news is that the December 15 tariffs have been…
16 Dec 2019
Brown Brothers Harriman: Emerging Markets Preview for the Week Ahead
EM has had a good month so far as market optimism on a Phase One trade deal remains high. Yet November trade data due out this week should show that until that deal is finalized, the outlook for EM remains weak. Deadline for the next round of US tariffs is December 15 and so talks this week are crucial. Lastly, three major EM central banks are expected to cut rates this week, underscoring the…
9 Dec 2019
A LIBORious Transition: Weaning the World off the Most Popular Credit Benchmark
More than two years have passed since the UK FCA’s Chief Executive Andrew Bailey set the deadline for the financial markets’ transition away from LIBOR, upon which roughly USD350tn in securities, loans and derivatives across five major currencies is contracted. Finding an alternative that can satisfy the diversity of markets that rest upon this crucial benchmark is proving to be more elusive than…
3 Dec 2019
Brown Brothers Harriman: Emerging Markets Preview for the Week Ahead
Over the weekend, China reported stronger than expected November PMI readings while Korea reported weaker than expected November trade data. While the China data is welcome, we put more weight on Korea trade numbers, which typically serve as a good bellwether for the entire region. Press reports suggest the Phase One trade deal has stalled due to Hong Kong legislation passed by the US Congress.…
2 Dec 2019
Brown Brothers Harriman: Emerging Markets Preview for the Week Ahead
EM came under pressure last week as doubts rose whether the Phase One deal can be completed. Also, the dollar was able to get some traction against the majors as the eurozone, UK, and Japan all reported weaker than expected November PMI readings. Divergences in the growth outlook and interest rate differentials should remain in the dollar’s favor. Furthermore, the weaker global growth outlook…
25 Nov 2019
Brown Brothers Harriman: Emerging Markets Preview for the Week Ahead
EM FX was mostly weaker last week due to doubts about a Phase One trade deal between the US and China. Those talks continue this week and while we expect a deal to be struck, there is likely to be a lot of last minute posturing that will likely keep markets volatile over the short-run. In the meantime, investors need to beware of idiosyncratic country risk within EM.
18 Nov 2019