Emerging Markets: What has Changed
marctomarket.com / by Marc Chandler / April 28, 2017
from my colleague Dr. Win Thin
- Moody’s moved the outlook on Vietnam’s B1 rating from stable to positive.
- Nigeria’s central bank introduced a new FX window for portfolio investors.
- Moody’s moved the outlook on Romania’s Baa3 rating from positive to stable.
- Central Bank of Russia accelerated its easing cycle.
- Central Bank of Turkey delivered a hawkish surprise.
- Brazil’s lower house easily approved the labor reforms, but popular resistance is rising.
In the EM equity space as measured by MSCI, Poland (+5.0%), Korea (+3.0%), and South Africa (+2.9%) have outperformed this week, while Colombia (-3.3%), Chile (-3.3%), and Egypt (-2.4%) have underperformed. To put this in better context, MSCI EM rose 1.6% this week while MSCI DM rose 2.1%.
The post Emerging Markets: What has Changed appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/04/28/emerging-markets-what-has-changed-44/
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