– What Has Changed in Emerging Markets.

Daily Profit Shared To Members As Per Their Investments!
Use the benefits of a relevant portfolio of investments. Join here: Questra: https://atlanticgam.es/partner=P09201493430171

http://www.brotherjohnf.com/changed-emerging-markets/ – What Has Changed in Emerging Markets. —

marctomarket.com / by Marc Chandler / May 20, 2017

China’s government approved the creation of a bond link between Hong Kong and the mainland.

S&P upgraded Indonesia one notch to investment grade BBB- with stable.

Fitch revised the outlook on Vietnam’s BB- rating from stable to positive.

Egypt will announce a package of social spending soon.

Moody’s changed the outlook on Poland’s A2 rating from negative to stable.

Brazil press reported that meat-packing company JBS has submitted compromising tape recordings to the Supreme Court.

Chile central bank surprised markets with a 25 bp cut but signaled a move to a neutral bias.

In the EM equity space as measured by MSCI, Hungary (+2.6%), Indonesia (+2.0%), and Peru (+1.4%) have outperformed this week, while Brazil (-11.1%), Poland (-1.8%), and Egypt (-1.7%) have underperformed. To put this in better context, MSCI EM fell -0.3% this week while MSCI DM was flat.

In the EM local currency bond space, India (10-year yield -11 bp), Korea (-7 bp), and Peru (-4 bp) have outperformed this week, while Brazil (10-year yield +155 bp), Argentina (+28 bp), and Turkey (+22 bp) have underperformed. To put this in better context, the 10-year UST yield fell 8 bp to 2.25%.

In the EM FX space, SGD (+1.3% vs. USD), ZAR (+1.0% vs. USD), and THB (+0.9% vs. USD) have outperformed this week, while BRL (-4.6% vs. USD), ARS (-3.1% vs. USD), and INR (-0.5% vs. USD) have underperformed.

READ MORE

The post What Has Changed in Emerging Markets appeared first on Silver For The People.

–(Published @ May 19, 2017 at 09:20PM by www.bitcoins.am™ Instant Real-time Bitcoin News Aggregation Source- From: ) #bitcoinnews

What Has Changed in Emerging Markets – Silver For The People
www.brotherjohnf.com
 

 Bitcoin News- www.bitcoins.am
 Posted on Facebook
 Blogged by Blo.gl
 Indexed in Google
 

Get a great marketing system from Markethive for free
Join Markethive here: http://markethive.com/magistral/

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.