Standard Chartered notes... Most investors we met are relatively sanguine about the prospects for emergingmarket (EM) fixed income. Some questioned the deterioration in EM fundamentals, but most are constructive on valua…
Most investors we met are relatively sanguine about the prospects for emergingmarket (EM) fixed income.
Some questioned the deterioration in EM fundamentals, but most are constructive on valuations due to supportive technical factors.
While GCC investors are focused primarily on regional credits, they are being forced to look further afield for investment opportunities given the relative lack of issuance in the GCC, large bond redemptions (as 5Y bonds issued in 2009-10 mature) and ampleliquidity.
Accordingly, involvement in broader EM is picking up. The preference is for issuers with close links to the government, such as financial institutions and quasisovereign corporates. However, recent issues surrounding EM quasi-sovereigns such as Petrobras have dented confidence slightly.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
