EMerging Equity
Argentina
Argentina Hikes Electricity Prices Up To 400%, Passes More Pro-Business Measures; Protests Continue
Newly appointed Argentine President Mauricio Macri has eliminated controls on Friday for companies that enforced price labeling of products, teleSur reports. The regulation was passed in October 2015 by former President Cristina Fernandez to avoid price manipulation by traders. Specifically, goods such as food, drinks, hygiene products, and cleaning products came under an agreed reference price which … Continue reading
Emerging Markets: What Changed This Week
By Marc Chandler, Marc to Market Blog (from my colleague Dr. Win Thin) *Malaysia’s central bank kept rates steady at 3.25%, as expected, but cut bank reserve ratios from 4% to 3.5%. *S&P downgraded Poland one notch to BBB+ with negative outlook. *Brazil’s central bank did a complete about-face and left rates steady at 14.25%. *Mexico may … Continue reading
Argentina Revisited – One Month On. Towards A Neoliberal “Democratic Dictatorship” – OpEd
By Peter Koenig Argentina – a new dictator is born. Actually no, he has just been elected. – Or, was he? – It appears like the newly elected Mauricio Macri is the most fascist and dictatorial President since the Videla military era. Unlike Videla, Macri hasn’t murdered people (yet); not by traditional weapons, but may … Continue reading
2015’s Top 5 Frontier Markets
By James Eugene 2015 has been an eventful year for both emerging and frontier markets, with the general consensus being that, on average, these markets have under-performed. The MSCI Frontier Market Index plummeted by 17.67% this year. Many of the declines have been fueled by: a decline in the price of commodities; China’s blip halfway … Continue reading
What To Expect In Latin America In 2016
By Daniel Lemaitre Economic decline in dominant industries, worsening security in major urban centers, and high profile corruption accusations will continue to hinder development in Latin America in 2016. In the Latin American context, 2015 can be catalogued as a year of political renovation. The United States and Cuba officially restarted bilateral diplomatic relations; Guatemala … Continue reading
Argentina’s New Government Needs To Act Quickly To Fix The Economy
By Mohamed A. El-Erian, Last week, the government of newly elected Argentine President Mauricio Macri launched a bold plan to revitalize a bruised and beleaguered economy plagued by high inflation. At a time of daunting crisis conditions, one should not underestimate the importance of this move not just for Argentina, but also for other countries, where … Continue reading
Election Confidence Gives Argentina’s ETF A Boost
By James Eugene Argentina’s largest exchange traded fund, the Global X MSCI Argentina ETF (ARGT), recorded its largest inflow of money on Wednesday 5th November after investors gained confidence that the conservative candidate could be victorious in the country’s upcoming election. According to Bloomberg, the ARGT, which tracks the MSCI All Argentina 25/50 Index, “recorded inflows of … Continue reading
Argentina: The Battle For Presidency
By Nil Nikandrov The Argentine presidential election on Oct. 25 did not answer the question of who will lead the country for the next four years. The vote tally eliminated only one of the three main candidates – Sergio Massa, the ambitious leader of the centrist Frente Renovador («Renewal Front») and former head of the cabinet … Continue reading
Argentina’s Ruling Party Proposes Larger Banknotes Amid Soaring Prices
By Adam Dubove For the first time in years, lawmakers from Argentina’s ruling Front for Victory coalition have proposed upping the size of the country’s largest denomination banknote to AR$200. Congressman Carlos Kunkel, author of the initiative, claims the measure has nothing to do with inflation, which runs at 25-35 percent annually, according to private estimates. Instead, the … 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) Positive momentum for EM assets looks to extend its moves from last week. EM sentiment is being buoyed by gains in developed markets equity indices, the weaker dollar more broadly, and gains in the commodity space. Regarding the latter, we note that … Continue reading
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