Re-Assessing Emerging Markets: What Now?
As Global Liquidity conditions tighten further, we accept that the next few months will prove more challenging for Emerging Markets. Credit is a particular problem and the downside risk is that EM debt spreads could add a further 200bp versus US Treasuries. However, a positive note is that EM domestic fundamentals look far better than during previous crisis periods. In particular, net capital inflows appear surprisingly firm in contrast to recent Press reports. In sum, the EM outlook is poor largely because of external factors, but domestically it does not look a disaster.
See our latest published research, Global View Re-Assessing Emerging Markets: What Now? – July 2018
Please find either a link to our website, or an email attachment.
For further information, or to change user options, please contact us at crossbordercapital@liquidity.com
—————————————————————————————————————————————————————————
Audley House, 13 Palace Street, London SW1E 5HX
Tel: 0203 954 3430
http://www.crossbordercapital.com/Blog/
CrossBorder Capital Limited are authorised and regulated by the Financial Conduct Authority.
Registered in England. Company Number 2687676. Registered Address: 10 Queen Street Place, London, EC4R 1AG
Comments
Post a Comment