EMerging Equity
South Africa
The Fed Hikes Rates — What Next For Emerging Markets?
In a widely expected move, the U.S. Federal Reserve (Fed) hiked its benchmark interest rate for the first time in nearly a decade on Wednesday, a decision which immediately increased borrowing costs for businesses/consumers in the U.S. and could coincidentally ripple through the world economy. After months of deliberation, Fed policy makers increased its key interest rate for short-term … Continue reading
Emerging Markets: Preview Of The Week Ahead
By Marc Chandler, Marc to Market Blog (from my colleagues Dr. Win Thin and Ilan Solot) EM starts the week on a soft footing. The repercussions of the attacks in Paris are still unclear, but the dollar’s rise against the majors continues and is likely to keep it bid against EM currencies as well. Equity markets continue … Continue reading
Emerging Markets: Week Ahead Preview
By Marc Chandler, Marc to Market Blog (from my colleagues Dr. Win Thin and Ilan Solot) EM starts the week off on softer footing, as Friday’s jobs report supports the notion of December Fed lift-off. USD/ZAR is making new all-time highs, and we expect most of EM to revisit the lows from August and September as the … Continue reading
Divergence Update: Global Monetary Policy Cycles
By Marc Chandler, Marc to Market Blog (from my colleagues Dr. Win Thin and Ilan Solot) The global investment environment continues to be driven largely by divergences in central bank policies. This holds true not just across Developed Markets, but Emerging Markets as well. We thought it would be helpful to summarize our expectations of central bank … Continue reading
The BRICS And American Global Power
By James Parisot China’s rise has shaken up the global order. As East Asian governments, along with the United States, remain unable to develop a mutual security agreement over disputed islands, and the US pushes the Trans-Pacific Partnership to the exclusion of China as an alternative to the stagnating World Trade Organization, East Asia is riven … Continue reading
Solving South Africa’s Energy Crisis
By Steve Hedden Sustained power cuts, caused by under-investment and a shortage of generating capacity, have damaged the South African economy. The response has been a belated thrust towards more power supply, from a combination of coal-fired power plants, oil and gas, wind and solar, and potentially a fleet of new nuclear power stations. Fixing … Continue reading
China’s Road To Recovery Brings Emerging Market Turmoil
By Miguel Ferreyra de Bone Following the decision of the Chinese government to trim interest rates and adjust the requisites of bank reserves for commercial banks, we are starting to see some improvement from the 20% loss in the Shanghai stock exchange last week. More losses in emerging markets should be expected, however. The financial turmoil that the … Continue reading
BRICS Bank: What Is ‘New’ About The New Development Bank?
By Leslie Maasdorp Last month marked the official launch of the New Development Bank (NDB) in Shanghai. After the short-lived fanfare and excitement, the real work is now well under way to build, from humble beginnings, a new global development finance institution. The historical context that gave rise to the BRICS (Brazil, Russia, India, China and … Continue reading
The Emerging Market Rout: How Much Further Can EM Currencies Weaken?
By Andrés Velasco With the currencies of Malaysia, Indonesia, South Africa, Turkey, Brazil, Colombia, Chile, and Mexico hitting record lows recently, currency traders around the world are asking: How much further can emerging-market currencies weaken? The standard approach to answering this question takes a relatively normal base year and measures how much a country’s currency … Continue reading
Oil Price Spillover Hits Africa Hard
By Lisa Steyn The decline in the oil price has plunged Africa’s oil and gas industry into dire straits, a situation exacerbated by factors such as uncertain regulation, corruption and the prospect of political and social instability. It is a particular burden on those economies most reliant on the industry for revenue, and could have … Continue reading
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