Emerging markets lag in Covid-19 vaccine race

Constraints on the supply of Covid-19 vaccines have meant that the roll-out has been much slower in  emerging markets (EM) relative to developed markets. While some EM such as Chile and those in Central Eastern Europe are distributing inoculations relatively quickly, most are lagging behind. Despite warm words in recent weeks, the hoarding of vaccines … Continue reading “Emerging markets lag in Covid-19 vaccine race”

Looking back at the markets through January 2021

A selection of articles looking back through the markets last month.  Global Market Review “Unintended consequences” Financial markets are becoming increasingly vulnerable to a sharp correction that would, in turn, jeopardise stability, according to the International Monetary Fund (IMF). The IMF warned that investors’ expectations of continued support from governments and central banks has generated … Continue reading “Looking back at the markets through January 2021”

What can investors expect from the Year of the Ox?

This year Chinese New Year ushers in the Year of the Ox, which began on Friday. The Ox is thought to be a symbol of reliability, strength, patience and caution. It is also associated with harvesting, fertility and prosperity. After a tumultuous 2020, many an investor will welcome financial markets that are reliable, strong and … Continue reading “What can investors expect from the Year of the Ox?”

What the Biden presidency means for emerging market debt

The unpredictable Donald Trump presidency was perhaps suitably signed off by the recent shocking invasion of Capitol Hill by some of his supporters. Neither this, nor policy annunciation via Twitter (frequently in the middle of the night), could scarcely have been imagined before Trump. Perhaps the single most visible change of the new Biden presidency … Continue reading “What the Biden presidency means for emerging market debt”

Looking back at the markets through December 2020

A selection of articles looking back through the markets last month. Global Market Review Shares advance on vaccine optimism After a tumultuous year in which the coronavirus pandemic gripped the world, many major stock markets ended 2020 in positive territory. Investor sentiment was buoyed towards the end of the year by optimism over the prospect … Continue reading “Looking back at the markets through December 2020”

Looking back at the markets through November 2020

A selection of articles looking back through the markets last month. Global Market Review A November to remember It was a November for investors to remember as a widespread focus on the perceived safe havens of gold and government bonds was replaced by renewed interest in equities. Many major equity markets notched up double-digit gains … Continue reading “Looking back at the markets through November 2020”

The four “M”s: why the 21st century belongs to Asia

For a look into the future of the global economy, and where the power is shifting, consider technology developments in both China and India. In a mere decade, China’s e-commerce market has grown from less than 1% of global sales, into the world’s largest market in 2016, representing more than 40% of transactions by value. … Continue reading “The four “M”s: why the 21st century belongs to Asia”

Looking back at the markets through September

A selection of articles looking back through the markets last month. Global Market Review Rising infection levels knock sentiment Share prices generally fell during September amid concerns over rising infection levels and their potential impact on economic activity. Investors’ worries were compounded by doubts over Brexit negotiations, continuing friction between the US and China over … Continue reading “Looking back at the markets through September”

Can emerging Europe close the performance gap?

Across the world, we wait in hope and anticipation for a vaccine for Covid-19. Financial markets reflect optimism that one will soon be found, and that the economic recovery will sustain. Investors in emerging Europe will be particularly keen for some form of normalisation to come through. Emerging European equities are down almost -30% in … Continue reading “Can emerging Europe close the performance gap?”

A deepening divide: emerging markets and the second-quarter earnings season

Emerging markets (EMs) are often discussed as if they were somehow homogenous. That, however, is misleading. The differences between the individual markets included in EM indices are profound. The Covid-19 crisis has exposed these fundamental differences – especially those between emerging Asian economies and other parts of the developing world. And EM companies’ second-quarter earnings … Continue reading “A deepening divide: emerging markets and the second-quarter earnings season”

Do shares always win in the long run?

It used to be a common belief of many managers that if you bought and held a portfolio of shares over any market cycle you would earn a decent return. This argument may be changing. The argument went that the sharp cycles in shares were based on shallower and shorter cycles for economies. They might … Continue reading “Do shares always win in the long run?”

Looking back at the markets through July

A selection of articles looking back through the markets last month. Global Market Review  The other “R” number … Recession Early in July, investors were buoyed by news of progress in the development of coronavirus vaccines. However, as the month continued, optimism was tempered by a surge in infection rates in countries including the US, … Continue reading “Looking back at the markets through July”

Brazil: will this emerging market ever emerge?

Will Brazil be an emerging market that never quite emerges? In the 2000s, the Latin American giant was making impressive progress in converging with developed economies. But since the global financial crisis of 2008, it has surrendered most of these gains. Today, the Covid-19 pandemic is hitting the country hard, threatening not only the health … Continue reading “Brazil: will this emerging market ever emerge?”

Looking back at the markets through May

A selection of articles looking back through the markets last month. Global Market Review Pandemic continued to dominate markets The rebound in equity markets extended into May. The impact of the COVID-19 pandemic continued to dominate markets, with an increasing focus on how countries would begin to relax their lockdown measures and how this would … Continue reading “Looking back at the markets through May”

Covid-19: the inescapable truths faced by investors

Investors will need to be more agile than ever as Covid-19 reinforces many of the trends driving the world economy prior to the outbreak. “At the beginning of the plague, when there was now no more hope but that the whole city would be visited; when all that had friends or estates in the country … Continue reading “Covid-19: the inescapable truths faced by investors”