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Topic

Emerging Market

MSCI to begin consultation on proposal to downgrade Pakistan

MSCI to begin consultation on proposal to downgrade Pakistan

Updated 25 Jun, 2021 01:57pm
  • Announces launch of consultation process for potential downgrade of MSCI Pakistan Index from Emerging Markets to Frontier Markets status
  • Seeks feedback from market participants on this reclassification proposal until August 31, 2021
Latam FX falls against stronger dollar; sol stabilizes after tumble

Latam FX falls against stronger dollar; sol stabilizes after tumble

Published 04 May, 2021 08:01pm
  • The dollar rose as investors awaited key US readings this week, which are likely to show an economic recovery gathering steam.
  • Chile's peso fell 0.3%, while Mexico's peso dipped 0.2%. But both currencies are expected to mark strong gains this year, with Chile benefiting from a spike in copper prices, while Mexico is set to benefit from a bounceback in the US economy.
Trading volumes in emerging hard-currency debt shrink 11pc in 2020

Trading volumes in emerging hard-currency debt shrink 11pc in 2020

Published 29 Mar, 2021 09:34pm
  • "The year was marked by the outbreak of Covid-19 leading to a sell-off in the financial markets and the dramatic contraction in economic growth around the globe," EMTA said in a statement.
  • "The adoption of expansive monetary policies and historically low US Treasury yields later encouraged capital flows into higher-yielding asset classes including EM."
Egypt's relisting on JP Morgan bond index could attract $4.8bn

Egypt's relisting on JP Morgan bond index could attract $4.8bn

Published 29 Mar, 2021 06:50pm
  • Egypt, which was removed from the index in the aftermath of a 2011 uprising, has been working for more than two years to be relisted. It is expected to be included in the second half of 2021.
  • Egypt has a combined nominal $28.2 billion in eligible bonds that mature in more than 2.5 years, the minimum amount for inclusion in the index, Mandimika said.
South African central bank holds repo rate at 3.5pc

South African central bank holds repo rate at 3.5pc

Published 25 Mar, 2021 08:31pm
  • The Reserve Bank (SARB) has now kept rates on hold at its last four meetings, resisting pressure to match rate hikes by other emerging market central banks.
  • South Africa's consumer inflation rate slowed to 2.9% in February, a touch below consensus, its lowest in eight months and below the central bank's target range of between 3% and 6%
Latam currencies rise as bonds stabilize, commodity prices rise

Latam currencies rise as bonds stabilize, commodity prices rise

Published 01 Mar, 2021 08:29pm
  • Brazil's real rose 0.5% against a stronger dollar. A survey on Monday showed the pace of expansion in the country's manufacturing sector picked up again in February after three months of deceleration.
  • MXN bonds were the most sensitive during the 2013 & 2016 yields spikes and will likely be hit relatively more as US yields rise.
Canadian dollar notches 3-year high as oil climbs

Canadian dollar notches 3-year high as oil climbs

Published 24 Feb, 2021 09:54pm
  • Canadian dollar up 0.1% against the greenback.
  • Loonie touches its strongest level since April 2018 at 1.2551.
  • Price of US oil increases 1.3%.
  • Canadian bond yields rise across a steeper curve.
Turkish lira extends decline after gov't defends past policies

Turkish lira extends decline after gov't defends past policies

Published 24 Feb, 2021 06:54pm
  • The lira weakened as far as 7.1840 and stood at 7.17 against the US currency at 1200 GMT, compared to a close of 7.11 on Tuesday.
  • "Some are sure that he will be appointed energy minister but Erdogan will decide. There are also those in the party that say this is not possible," the official told Reuters.
Mexican peso drops 1pc as rally in dollar, US bond yields weigh

Mexican peso drops 1pc as rally in dollar, US bond yields weigh

Published 17 Feb, 2021 07:47pm
  • The peso weakened 1%, with markets also keeping an eye on manufacturing hit by a deep freeze in Texas.
  • The dimension of the effects at the national level can be significant for the industry, as it comes at a time when the (Mexican) economy is just starting to recover.
Carry trade appeal helps South African rand, stocks surge

Carry trade appeal helps South African rand, stocks surge

Published 01 Feb, 2021 08:56pm
  • The rand continues to dance to the global tune as 'risk off' and 'risk on' reactions vary on a regular basis.
  • This has been the tale of most Emerging Market (EM) currencies throughout 2020 and now 2021.
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