emerging-markets
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Citi Expects Global Equities to Rally 18% by end-2023
Date: October 6, 2022
(Reuters) – Citigroup is expecting global equities to rise about 18% from now through the end of 2023, saying beaten down valuations from a relentless selloff this year may attract investors, although it warned of “considerable risks” of an economic slowdown. Global stock are trading well below their peaks, with the U.S. benchmark S&P 500...
Opec+ Oil Output Cut Ahead of Winter Fans Inflation Concerns
Date: October 6, 2022
By Florence Tan and Joyce Lee SINGAPORE (Reuters) -Global oil supply is set to tighten, intensifying concerns over soaring inflation after the OPEC+ group of nations announced its largest supply cut since 2020 ahead of European Union embargoes on Russian energy. The move has widened a diplomatic rift between the Saudi-backed bloc and Western nations,...
China, Equities Weigh as Em Sees Another Month of Outflows – Iif
Date: October 6, 2022
By Rodrigo Campos (Reuters) – Emerging market portfolios saw another month of foreign outflows in September, the seventh of the last eight, as non-residents pulled money out of EM stocks and away from China, data from the Institute of International Finance showed on Wednesday. China debt markets lost $1.4 billion in September for a total...
Hungary Ends Massive Rate Hikes With One Last 125 Bps Step
Date: September 27, 2022
By Gergely Szakacs and Krisztina Than BUDAPEST (Reuters) -The National Bank of Hungary raised its base rate by a larger-than-expected 125 basis points to 13% on Tuesday and ended its more than year-long rate hike cycle amid a slowing economy. Central European policymakers are seeking to end a strategy of interest rate rises running since...
Swiss Bank Ubp Returns to Chinese Markets
Date: September 23, 2022
By Summer Zhen HONG KONG (Reuters) – Swiss private bank Union Bancaire Privée (UBP) is back in Chinese markets, its chief investment officer said, making its way back to the world’s second-largest economy after withdrawing last year. UBP has more than $150 billion of assets. It returned to China in August after having exited all...
Slowing Growth Exacerbates Debt Strains, Corporate Bankruptcies Loom – Iif
Date: September 14, 2022
By Rodrigo Campos NEW YORK (Reuters) – Slowing economic growth is pushing up global debt levels, especially in emerging markets, the Institute of International Finance (IIF) said on Wednesday, warning of a significant rise in corporate bankruptcies ahead. The global debt-to-GDP ratio – a widely used measure to gauge a borrower’s ability to pay back...