Emerging Markets: A ray of hope - AmpGFX
|Emerging market equities and currencies have had a significant bounce in the last two days from lows for the year, notes Greg Gibbs, Analyst at Amplifying Global FX Capital.
Key Quotes
“Contributing factors are new trade talks proposed by the US Administration with China, a rebound in TRL on a larger than expected rise in rates by the Turkish central bank, and lower than expected US inflation data.”
“It is far too early to say EM assets should sustain a recovery, but it may stick in the near term. Much depends on Fed rates policy and trade relations between the US and China. It is far from clear that inflation pressure in the USA has stalled or that the US and China will hug and make up.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.