Tweets by realDonaldTrump

Online:
Visits:
Stories:

By silveristhenew (Reporter)
Contributor profile | More stories

Story Views
Now:
Last Hour:
Last 24 Hours:
Total:

Emerging Markets: What has Changed

Friday, October 2, 2015 9:28

% of readers think this story is Fact. Add your two cents.

(Before It's News)

marctomarket.com / Dr. Win Thin and Ilan Solot / October 2, 2015

1) Colombia’s central bank unexpectedly hiked its policy rate 25 bp to 4.75%

2) Mexico extended its FX auctions

3) Petrobras raised prices for gasoline and diesel for the first time in almost a year

4) China’s central bank cut the minimum down payment for first-time home buyers

5) The central bank of Indonesia said it will start FX interventions in the forward market, joining the growing number of countries stepping up against currency weakness.

6) Kazakhstan’s central bank hiked its base rate 400 bp to 16% and narrowed the rates corridor to +/- 1 percentage point

In the EM equity space, Taiwan (+2.1), Hong Kong (+1.5%), and Korea (+1.4%) have outperformed over the last week, while Poland (-3.0%), Thailand (-2.2%), and Russia (-1.8%) have underperformed. To put this in better context, MSCI EM rose 1.2% over the past week while MSCI DM fell -1.1%.

In the EM local currency bond space, Brazil (10-year yield -73 bp), Singapore (-28 bp), and Poland (-21 bp) have outperformed over the last week, while Colombia (10-year yield +14 bp), Taiwan (+2 bp), and Israel (+2 bp) have underperformed. To put this in better context, the 10-year UST yield fell -24 bp over the past week.

READ MORE

The post Emerging Markets: What has Changed appeared first on Silver For The People.

Source: http://silveristhenew.com/2015/10/02/emerging-markets-what-has-changed-28/