EM is likely to remain under pressure. Despite some signs of a slight thaw in US-China relations, a trade deal remains far off and so global growth and trade are likely to see continued downside risks.
19 Aug 2019
In one of a series of exclusive market snapshots for Bonds & Loans, Frank Holmes, CEO of US Global Investors and one of the most experienced and successful capital managers in the mining sector, talks about the demand-supply market dynamics, the growing role of China, and why fracking is here to stay.
12 Aug 2019
As rates continue to fall in many parts of Asia, investors have increasingly turned to emerging markets in their hunt for yield. But given their generally cautious and conservative approach to investment, many have favoured so-called ‘safe emerging markets’. Now, as growth begins to soften in China, a growing number are turning their attention to the GCC’s corporate credit market to find secure,…
9 Aug 2019
A minnow country by most economic measures, Paraguay has for years combined some of the most progressive policies in the social and environmental sphere with antiquated financing models and realpolitik. But with a steady pipeline of deals emerging in the infrastructure and energy space, it is beginning to attract attention of foreign investors seeking higher yields in unfamiliar or exotic…
5 Aug 2019
In the face of relatively abundant banking sector liquidity and stabilising oil prices, CFOs and treasurers have rightly questioned the need to shift their funding focus away from the region’s deep-pocketed lenders. With the global growth outlook looking more uncertain, new trade wars becoming a near daily feature of the global policy discussion, and in light of recent moves to bolster the…
2 Aug 2019
Bonds & Loans interviews Bruno Moraes, Director (Energy) at Actis, about investment prospects in the Brazilian markets, Actis's focus on renewables and their new infrastructure fund.
31 Jul 2019
Despite being caught in the turbulence that rocked emerging markets in 2018, Turkey remains an attractive destination for foreign investors, boasting strong fundamentals and a growing pipeline of projects in need of capital. Bonds & Loans spoke with Ahmet Burak Dağlıoğlu, Vice President of Invest in Turkey, about the growing role of Asian investment in the country, funding diversification and…
30 Jul 2019
Last week’s dovish tilt by the ECB should have been EM-supportive. However, global trade tensions remain high despite the rebooted US-China talks in Shanghai this week and so we remain bearish on EM. China reports July PMI readings, and the first glimpse of the world’s second-largest economy in H2 are expected to show continued softness.
29 Jul 2019
EM FX was mixed last week despite the dovish signals from the Fed’s Powell. Weak data from emerging Asia support the notion that the ongoing US-China trade war will continue to weigh on global growth and trade, which is negative for EM. We remain cautious on EM, especially given our less dovish take on the Fed.
15 Jul 2019
Bonds & Loans spoke to Felipe Bomfim, Director at Patria Infrastructure, on pensions reform, festering growth of local capital markets and why the glass is always half-full for investors doing business in Brazil.
11 Jul 2019