Emerging markets are red hot right now. Here are three investments for the rest of 2019

Investors thinking about betting in emerging markets should look at Brazilian stocks, Mexican bonds and banks in the space, according to strategists and analysts. Emerging markets have been one of the hottest trades of the year. The iShares MSCI Emerging Markets exchange-traded fund (EEM) is up 7.6 percent. “This is one of the best times to diversify into emerging markets,” said Luca Paolini, chief strategist at Pictet Asset Management. “Everything is pointing to outperformance in emerging marke


Investors thinking about betting in emerging markets should look at Brazilian stocks, Mexican bonds and banks in the space, according to strategists and analysts. Emerging markets have been one of the hottest trades of the year. The iShares MSCI Emerging Markets exchange-traded fund (EEM) is up 7.6 percent. “This is one of the best times to diversify into emerging markets,” said Luca Paolini, chief strategist at Pictet Asset Management. “Everything is pointing to outperformance in emerging marke
Emerging markets are red hot right now. Here are three investments for the rest of 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: fred imbert, cris faga, nurphoto via getty images
Keywords: news, cnbc, companies, investors, right, yields, war, markets, strategists, red, bonds, betting, hot, investments, eem, rest, stocks, 2019, emerging


Emerging markets are red hot right now. Here are three investments for the rest of 2019

Investors thinking about betting in emerging markets should look at Brazilian stocks, Mexican bonds and banks in the space, according to strategists and analysts.

Brazilian stocks are off to a high-flying start this year as investors bet newly minted President Jair Bolsonaro will push through key reforms. In Mexico, relatively high yields make their bonds attractive. Strategists are also betting that a dovish U.S. Federal Reserve, constructive outlooks for 2019 and a possible resolution to the U.S.-China trade war can bolster emerging-market banks.

Emerging markets have been one of the hottest trades of the year. The iShares MSCI Emerging Markets exchange-traded fund (EEM) is up 7.6 percent. EEM fell 17.1 percent last year and was in bear-market territory, trading 20 percent from its 52-week high.

“This is one of the best times to diversify into emerging markets,” said Luca Paolini, chief strategist at Pictet Asset Management. “Everything is pointing to outperformance in emerging markets.”


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: fred imbert, cris faga, nurphoto via getty images
Keywords: news, cnbc, companies, investors, right, yields, war, markets, strategists, red, bonds, betting, hot, investments, eem, rest, stocks, 2019, emerging


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Emerging markets set for a ‘rally’ after last year’s rout, says strategist

With the U.S. Federal Reserve pledging to be “patient” in future rate hikes, emerging markets should do better this year, and may in fact even have “a decent rally,” one strategist told CNBC on Monday. Last year, economic troubles in Argentina and Turkey, as well as the Fed tightening monetary policy, had caused a selloff in several emerging market currencies. Some emerging market stock indexes also saw steep declines. But those markets should turn around this year, said Mary Nicola, a G-10 fore


With the U.S. Federal Reserve pledging to be “patient” in future rate hikes, emerging markets should do better this year, and may in fact even have “a decent rally,” one strategist told CNBC on Monday. Last year, economic troubles in Argentina and Turkey, as well as the Fed tightening monetary policy, had caused a selloff in several emerging market currencies. Some emerging market stock indexes also saw steep declines. But those markets should turn around this year, said Mary Nicola, a G-10 fore
Emerging markets set for a ‘rally’ after last year’s rout, says strategist Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: weizhen tan, -mary nicola, asian fixed income strategist at eastspring invest
Keywords: news, cnbc, companies, rout, market, rally, set, hikes, markets, saw, patient, emerging, strategist, told, em, fed


Emerging markets set for a 'rally' after last year's rout, says strategist

With the U.S. Federal Reserve pledging to be “patient” in future rate hikes, emerging markets should do better this year, and may in fact even have “a decent rally,” one strategist told CNBC on Monday.

Last year, economic troubles in Argentina and Turkey, as well as the Fed tightening monetary policy, had caused a selloff in several emerging market currencies. Some emerging market stock indexes also saw steep declines. Rising interest rates stateside make it harder for emerging economies to service their U.S-dollar debt.

But those markets should turn around this year, said Mary Nicola, a G-10 foreign exchange and Asian fixed income strategist at Eastspring Investments.

“Now that the Fed is going to be patient, we think that EM has a bit to go. If you look at what we saw last year in terms of emerging markets, the EM rout had much to do with the fact that the Fed was hiking,” she told CNBC’s “Squawk Box” on Monday. “Now that the Fed hikes are off the table for a little bit, and the Fed can afford to be patient, EM funding conditions won’t be as tight as it was before.”


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: weizhen tan, -mary nicola, asian fixed income strategist at eastspring invest
Keywords: news, cnbc, companies, rout, market, rally, set, hikes, markets, saw, patient, emerging, strategist, told, em, fed


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Cramer breaks down an odd trend emerging in the chip stocks

CNBC’s Jim Cramer has noticed a “bizarre dichotomy” between how the chip stocks and the stocks of their suppliers are trading, and it’s starting to concern him. In fact, DowDuPont, 3M, Illinois Tool Works and Honeywell — all of which make supplies for the semiconductor industry — flagged their technology divisions as areas of weakness this earnings season. “How can Lam be bullish on this business when 3M, Honeywell, Illinois Tool Works and, most importantly, DowDupont are so bearish?” “But if th


CNBC’s Jim Cramer has noticed a “bizarre dichotomy” between how the chip stocks and the stocks of their suppliers are trading, and it’s starting to concern him. In fact, DowDuPont, 3M, Illinois Tool Works and Honeywell — all of which make supplies for the semiconductor industry — flagged their technology divisions as areas of weakness this earnings season. “How can Lam be bullish on this business when 3M, Honeywell, Illinois Tool Works and, most importantly, DowDupont are so bearish?” “But if th
Cramer breaks down an odd trend emerging in the chip stocks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, emerging, tool, 3m, stocks, chip, honeywell, trend, companies, cramer, odd, semiconductor, illinois, dowdupont, breaks, works


Cramer breaks down an odd trend emerging in the chip stocks

CNBC’s Jim Cramer has noticed a “bizarre dichotomy” between how the chip stocks and the stocks of their suppliers are trading, and it’s starting to concern him.

While shares of the semiconductors have been roaring, surpassing a key hurdle Cramer flagged on “Mad Money” last week, shares of the industrial companies that supply the chipmakers have “been crushed,” Cramer noted Monday.

In fact, DowDuPont, 3M, Illinois Tool Works and Honeywell — all of which make supplies for the semiconductor industry — flagged their technology divisions as areas of weakness this earnings season. At the same time, their customers — companies that make the equipment for building chips, like Lam Research — essentially called a bottom in tech.

“You’ve got to wonder, isn’t this a dangerous contradiction?” Cramer said. “How can Lam be bullish on this business when 3M, Honeywell, Illinois Tool Works and, most importantly, DowDupont are so bearish?”

For investors, Cramer’s rationale for how to proceed was fairly simple.

“If this rally in the semiconductor cohort is right, if it’s accurately forecasting the future, then you want buy Honeywell,” he said. “But if the semis are wrong, look out below, because I think these industrials could have even more downside and the semiconductor stocks will get slammed, too.”

Cramer argued that it would take a lot for the chipmaking stocks to revisit their recent lows, especially since most of the companies have already issued their earnings reports. That lowers the risk of negative, Nvidia-like pre-announcements, he said.

He added that the industrial suppliers could have been excessively negative on their prospects. But he still did not recommend investing in DowDuPont, which he said “has too many problems” here, Illinois Tool Works due to its exposure to the weakening auto sector, or 3M given its lingering risk.

As for Honeywell, Cramer saw “very few glitches, and some huge positives” tied to aerospace, climate controls and warehouse automation in its most recent quarter.

“The thing I found most worrisome about Honeywell’s quarter? Yep, you guessed it, their semiconductor materials division, which had an unexpected downturn,” he said.

Cramer’s conclusion? Those who are worried about the fate of the chipmakers should steer clear of these two spaces, and those who are bullish on the semiconductor rally should invest in Honeywell.

“At least with Honeywell you have other, more solid businesses to protect you from the downside if it turns out that the worst isn’t over,” he noted.

The VanEck Vectors Semiconductor ETF was up 0.49 percent as of Monday’s close, falling slightly in after-hours trading.


Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, emerging, tool, 3m, stocks, chip, honeywell, trend, companies, cramer, odd, semiconductor, illinois, dowdupont, breaks, works


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Investor: I’m cautious on Asian emerging markets

Investor: I’m cautious on Asian emerging markets12 Hours AgoMichael Yoshikami of Destination Wealth Management says he’s cautious on Asian emerging markets because he anticipates a “spillover effect” from the slowdown in China.


Investor: I’m cautious on Asian emerging markets12 Hours AgoMichael Yoshikami of Destination Wealth Management says he’s cautious on Asian emerging markets because he anticipates a “spillover effect” from the slowdown in China.
Investor: I’m cautious on Asian emerging markets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-31
Keywords: news, cnbc, companies, markets12, wealth, management, investor, asian, cautious, yoshikami, slowdown, emerging, markets, im, spillover


Investor: I'm cautious on Asian emerging markets

Investor: I’m cautious on Asian emerging markets

12 Hours Ago

Michael Yoshikami of Destination Wealth Management says he’s cautious on Asian emerging markets because he anticipates a “spillover effect” from the slowdown in China.


Company: cnbc, Activity: cnbc, Date: 2019-01-31
Keywords: news, cnbc, companies, markets12, wealth, management, investor, asian, cautious, yoshikami, slowdown, emerging, markets, im, spillover


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Government debt hits record $66 trillion, 80% of global GDP, Fitch says

Fitch noted that the total U.S. debt is nearly 10 times the size of France, Germany, Italy and the U.K. combined. While the U.S. debt stands out among larger economies, it has plenty of company in the developing world. Fitch said emerging market economy debt surged 50 percent in the period since 2012, from $10 trillion to $15 trillion. Those two regions, though, have less than $1 trillion each in debt. However, credit quality has deteriorated notably over the years, with emerging market debt, ex


Fitch noted that the total U.S. debt is nearly 10 times the size of France, Germany, Italy and the U.K. combined. While the U.S. debt stands out among larger economies, it has plenty of company in the developing world. Fitch said emerging market economy debt surged 50 percent in the period since 2012, from $10 trillion to $15 trillion. Those two regions, though, have less than $1 trillion each in debt. However, credit quality has deteriorated notably over the years, with emerging market debt, ex
Government debt hits record $66 trillion, 80% of global GDP, Fitch says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-23  Authors: jeff cox, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, countries, global, 66, total, president, market, jumped, sovereign, fitch, trillion, emerging, 80, period, hits, record, gdp, debt


Government debt hits record $66 trillion, 80% of global GDP, Fitch says

We are ‘worst prepared’ for a crisis in the post-war era, IIF CEO says 23 Hours Ago | 03:37

Debt in developed countries has remained fairly steady, around $50 trillion, since 2012, though that’s not true of the U.S. Total public debt for the American government has jumped from $15.2 trillion to $21.9 trillion, or 44 percent, during the period, Treasury Department data show.

Fitch noted that the total U.S. debt is nearly 10 times the size of France, Germany, Italy and the U.K. combined.

While the U.S. debt stands out among larger economies, it has plenty of company in the developing world.

Fitch said emerging market economy debt surged 50 percent in the period since 2012, from $10 trillion to $15 trillion. Leaders during that time proportionately were the Middle East and North Africa, with a 104 percent increase, and sub-Saharan Africa at 75 percent. Those two regions, though, have less than $1 trillion each in debt.

The 11 sovereigns rated “AAA” carry 40 percent of the debt load. Lower-rated “B” countries accounted for about 3 percent of global government debt.

However, credit quality has deteriorated notably over the years, with emerging market debt, excluding China, carrying an average rating of slightly below “BB+,” which is the lowest since 2005 and denotes a speculative outlook.

“Common themes that have driven sovereign ratings in the last few years will dominate again in 2019, including tightening sovereign financing conditions, commodity price fluctuations and political and geopolitical developments,” McCormack said. “Slowing economic growth in some countries may bring fiscal concerns back to the fore, particularly given the high starting positions with respect to government debt.”

U.S. debt began accelerating at the turn of the 21st century. The total jumped 85 percent to $10.6 trillion during former President George W. Bush’s two terms, another 88 percent to $19.9 trillion under President Barack Obama and has risen 10 percent during the first two years of President Donald Trump’s term.


Company: cnbc, Activity: cnbc, Date: 2019-01-23  Authors: jeff cox, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, countries, global, 66, total, president, market, jumped, sovereign, fitch, trillion, emerging, 80, period, hits, record, gdp, debt


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Federated sees a 2019 resurgence for 4 beaten up stock groups

Federated Investors’ Steve Chiavarone sees four unloved groups bouncing back this year: Dividend stocks, cyclical names, small caps and emerging markets. He’s pinning his bullish case on a Federal Reserve that may not be as aggressive in raising interest rates in 2019. He added: “They’re going to be quite patient, and that’s going to help equities over the course of 2019.” And, finally, he named emerging markets as the fourth area that will likely see relief. “EM [emerging markets] underperforme


Federated Investors’ Steve Chiavarone sees four unloved groups bouncing back this year: Dividend stocks, cyclical names, small caps and emerging markets. He’s pinning his bullish case on a Federal Reserve that may not be as aggressive in raising interest rates in 2019. He added: “They’re going to be quite patient, and that’s going to help equities over the course of 2019.” And, finally, he named emerging markets as the fourth area that will likely see relief. “EM [emerging markets] underperforme
Federated sees a 2019 resurgence for 4 beaten up stock groups Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: stephanie landsman, brendan mcdermid, james d morgan, getty images, andrew kelly, tnwa photography, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, resurgence, market, emerging, chiavarone, markets, 2019, theyre, interest, groups, sees, stock, beaten, going, rates, thats, federated, small


Federated sees a 2019 resurgence for 4 beaten up stock groups

Federated Investors’ Steve Chiavarone sees four unloved groups bouncing back this year: Dividend stocks, cyclical names, small caps and emerging markets.

He’s pinning his bullish case on a Federal Reserve that may not be as aggressive in raising interest rates in 2019.

“I think they’re prepared not to hike any time soon,” the fund manager said Friday on CNBC’s “Trading Nation.” He added: “They’re going to be quite patient, and that’s going to help equities over the course of 2019.”

Chiavarone blamed the market turmoil seen late last year on the Fed, which he said gave Wall Street mixed messages on its monetary policy. However, he doesn’t see it anymore as an issue that’s hanging over the market.

“I think they’re certainly going to pause in March,” he said. “We may end up with one or zero hikes in 2019.”

According to Chiavarone, doing nothing will translate into upside — especially for dividend stocks since they’re tied so closely to rising interest rates. Markets were expecting increasingly higher interest rates “until the end of days,” said Chiavarone. “That’s not going to happen.”

He also sees cyclical groups such as energy, industrials and materials, which got hammered last year, emerging as winners.

“What the market was pricing in was a recession. That’s not going to happen, and so those cyclical parts of the market, those risk on parts of the market, have a recovery coming,” he said.

Chiavarone highlighted small caps as the third struggling group positioned for solid gains. The Russell 2000, which tracks small caps, is down 14 percent over the last six months.

“Fifty percent of their debt is variable rate. So, they’re very vulnerable in a rising rate environment,” he noted.

And, finally, he named emerging markets as the fourth area that will likely see relief. The group has tumbled 17 percent over the past 52 weeks.

“EM [emerging markets] underperformed the S&P by 20 percent last year going into the market high,” Chiavarone said. The U.S.-China trade dispute, however, “is still a concern we have to work through, but the fact that the Fed could be slower — that could take pressure off the dollar and help EM recover a little bit.”


Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: stephanie landsman, brendan mcdermid, james d morgan, getty images, andrew kelly, tnwa photography, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, resurgence, market, emerging, chiavarone, markets, 2019, theyre, interest, groups, sees, stock, beaten, going, rates, thats, federated, small


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Costly phones, innovation and a saturated market snowballed Apple, analysts and investors say

Overpriced iPhones, anemic innovation and market saturation forced Apple on the first trading day of the year to take a bite out of its revenue guidance, analysts and investors told CNBC on Thursday. “This is caused by some issues around economics and some mistakes the company’s made around aggressively pricing their phones,” the Loup Ventures founder said on “Squawk Box.” Apple reduced its revenue estimates, from as much as $93 billion to $84 billion, along with gross margin. He scolded Apple f


Overpriced iPhones, anemic innovation and market saturation forced Apple on the first trading day of the year to take a bite out of its revenue guidance, analysts and investors told CNBC on Thursday. “This is caused by some issues around economics and some mistakes the company’s made around aggressively pricing their phones,” the Loup Ventures founder said on “Squawk Box.” Apple reduced its revenue estimates, from as much as $93 billion to $84 billion, along with gross margin. He scolded Apple f
Costly phones, innovation and a saturated market snowballed Apple, analysts and investors say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-03  Authors: tyler clifford
Keywords: news, cnbc, companies, guidance, snowballed, iphone, revenue, innovation, iphones, squawk, cook, costly, say, phones, market, niles, apple, told, markets, investors, emerging, saturated, analysts


Costly phones, innovation and a saturated market snowballed Apple, analysts and investors say

Overpriced iPhones, anemic innovation and market saturation forced Apple on the first trading day of the year to take a bite out of its revenue guidance, analysts and investors told CNBC on Thursday.

After cutting fiscal first-quarter guidance by about 8 percent on Wednesday, CEO Tim Cook heaped much of the blame on China’s economy and Sino-U.S. trade relations in a preliminary disclosure.

Apple bull Gene Munster, who predicts the tech giant will be a top performer in the so-called FAANG group, said the cut is not because of competition or a shift in consumer needs.

“This is caused by some issues around economics and some mistakes the company’s made around aggressively pricing their phones,” the Loup Ventures founder said on “Squawk Box.” “They jumped the price [of iPhones] by 23 percent this fall.”

Apple reduced its revenue estimates, from as much as $93 billion to $84 billion, along with gross margin. The decrease was driven, among other factors, by weaker-than-expected iPhone sales in emerging markets with a shortfall coming “primarily in greater China,” Cook said in an interview with CNBC’s Josh Lipton on Wednesday.

But AlphaOne Capital Partners’ Dan Niles, who turned sour on the stock last May, told CNBC on Thursday that many of the challenges Cook pointed to were already known halfway through 2018. He scolded Apple for having the “wrong strategy” in raising iPhone prices in emerging markets, including Brazil, Russia and India.

“Part of the issue here is that Apple’s not acknowledging the real problems that they have,” Niles said later on “Squawk Box.”


Company: cnbc, Activity: cnbc, Date: 2019-01-03  Authors: tyler clifford
Keywords: news, cnbc, companies, guidance, snowballed, iphone, revenue, innovation, iphones, squawk, cook, costly, say, phones, market, niles, apple, told, markets, investors, emerging, saturated, analysts


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Market hasn’t hit bottom but investors can start to ‘nibble’ on stocks, says Bespoke’s Paul Hickey

Investors can start finding some buying opportunities in the market — as long as they have a strong stomach, Bespoke Investment Group co-founder Paul Hickey told CNBC. He still sees volatility in the weeks or months ahead and thinks the market has yet to hit bottom. Bespoke likes Intel and Pulte Homes, and emerging markets. Intel and Pulte were losing momentum when the market was going strong earlier this year and “led us on the way down . Hickey argued that the emerging markets sector, which al


Investors can start finding some buying opportunities in the market — as long as they have a strong stomach, Bespoke Investment Group co-founder Paul Hickey told CNBC. He still sees volatility in the weeks or months ahead and thinks the market has yet to hit bottom. Bespoke likes Intel and Pulte Homes, and emerging markets. Intel and Pulte were losing momentum when the market was going strong earlier this year and “led us on the way down . Hickey argued that the emerging markets sector, which al
Market hasn’t hit bottom but investors can start to ‘nibble’ on stocks, says Bespoke’s Paul Hickey Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-28  Authors: tyler clifford
Keywords: news, cnbc, companies, hickey, emerging, investors, paul, pulte, hit, start, markets, lower, going, nibble, bespokes, yeartodate, market, stocks, way, trading


Market hasn't hit bottom but investors can start to 'nibble' on stocks, says Bespoke's Paul Hickey

Investors can start finding some buying opportunities in the market — as long as they have a strong stomach, Bespoke Investment Group co-founder Paul Hickey told CNBC.

He still sees volatility in the weeks or months ahead and thinks the market has yet to hit bottom.

However, conditions in the recent sell-offs seemed to yield “better-than-average returns going forward” than has happened in similar trends in past decades, Hickey said Friday on “Power Lunch.”

“You can start to nibble here,” he said. “[There’s] sentiment that’s gotten completely washed out” and 2019 will be the first year in a while “that valuations aren’t above average.”

He wants to see if the market hits a “lower low” going forward. “We want to see some of these internals show less baby- out-with-the-bathwater” trends, Hickey said.

Bespoke likes Intel and Pulte Homes, and emerging markets.

Intel and Pulte were losing momentum when the market was going strong earlier this year and “led us on the way down . . . [but] are now showing signs of stabilizing and aren’t making lower lows,” Hickey said.

Intel has climbed 10 percent since falling more than 25 percent from a year-to-date high set in June, while Pulte has climbed more than 25 percent after plunging more than 40 percent from year-to-date high set in February. Intel is trading at about $47 a share while Pulte is trading about $26 a share Friday afternoon.

Hickey argued that the emerging markets sector, which also led markets on the way lower, could hold some promising results.

The iShares MSCI Emerging Markets ETF has “been below its 200 day moving average for 140 trading days That’s happened two other times: 2008 and 2016,” he said. “A year later, EEM was up 75 percent and 26 percent,” respectively.

Hickey also pointed to tech stocks Apple and Netflix. Apple, he said, is more attractive than the consumer staple section and Netflix, which is not a value buy, is transforming TV.

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2018-12-28  Authors: tyler clifford
Keywords: news, cnbc, companies, hickey, emerging, investors, paul, pulte, hit, start, markets, lower, going, nibble, bespokes, yeartodate, market, stocks, way, trading


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Goldman expects emerging market currencies to ‘bounce back’ in 2019

Goldman Sachs Asset Management expects to see improving economic conditions in emerging markets over the coming months, thus providing a springboard for the value of regional stocks and currencies. Emerging market currencies have been under pressure throughout much of 2018, on the back of a stronger U.S. dollar that is trading up almost 5 percent against a basket of six major currencies this year. But, the CEO for EMEA and Global Head of Fixed Income at Goldman Sachs Asset Management told CNBC o


Goldman Sachs Asset Management expects to see improving economic conditions in emerging markets over the coming months, thus providing a springboard for the value of regional stocks and currencies. Emerging market currencies have been under pressure throughout much of 2018, on the back of a stronger U.S. dollar that is trading up almost 5 percent against a basket of six major currencies this year. But, the CEO for EMEA and Global Head of Fixed Income at Goldman Sachs Asset Management told CNBC o
Goldman expects emerging market currencies to ‘bounce back’ in 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-18  Authors: sam meredith, adam jeffery
Keywords: news, cnbc, companies, currencies, goldman, bounce, markets, management, basket, emerging, dollar, told, 2019, sachs, expects, market


Goldman expects emerging market currencies to 'bounce back' in 2019

Goldman Sachs Asset Management expects to see improving economic conditions in emerging markets over the coming months, thus providing a springboard for the value of regional stocks and currencies.

Emerging market currencies have been under pressure throughout much of 2018, on the back of a stronger U.S. dollar that is trading up almost 5 percent against a basket of six major currencies this year.

But, the CEO for EMEA and Global Head of Fixed Income at Goldman Sachs Asset Management told CNBC on Tuesday that while the dollar has performed well year-to-date, financial markets have probably “seen the best of it.”

“I guess if we go into next year, we would see many emerging market currencies in particular, many of which have underperformed significantly in 2018, having a bounce back,” Andrew Wilson told CNBC’s “Street Signs” on Tuesday.

The greenback stood at around 96.851 against a basket of rivals at around 1:10 p.m. London time.


Company: cnbc, Activity: cnbc, Date: 2018-12-18  Authors: sam meredith, adam jeffery
Keywords: news, cnbc, companies, currencies, goldman, bounce, markets, management, basket, emerging, dollar, told, 2019, sachs, expects, market


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Emerging markets will recover in 2019 as external factors stabilize: StanChart

Robertson’s predictions bear well for emerging markets in Asia such as India, Indonesia and Thailand, which may face political upheaval as they head for general elections next year. India, a major oil importer, has suffered economic setbacks this year with an extremely weak Indian rupee and significant trade shocks. “No one wants to see political uncertainty or upheaval in India … but external factors should help mitigate that.” Malaysia faces external trade concerns and weak exports, and Chin


Robertson’s predictions bear well for emerging markets in Asia such as India, Indonesia and Thailand, which may face political upheaval as they head for general elections next year. India, a major oil importer, has suffered economic setbacks this year with an extremely weak Indian rupee and significant trade shocks. “No one wants to see political uncertainty or upheaval in India … but external factors should help mitigate that.” Malaysia faces external trade concerns and weak exports, and Chin
Emerging markets will recover in 2019 as external factors stabilize: StanChart Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: kavita chandran
Keywords: news, cnbc, companies, trade, stanchart, factors, robertson, india, external, political, markets, emerging, weak, think, stabilize, recover, 2019, stable, upheaval


Emerging markets will recover in 2019 as external factors stabilize: StanChart

Robertson’s predictions bear well for emerging markets in Asia such as India, Indonesia and Thailand, which may face political upheaval as they head for general elections next year.

India, a major oil importer, has suffered economic setbacks this year with an extremely weak Indian rupee and significant trade shocks.

“A stable or softer dollar, and stable or lower oil prices, will be a significant net positive for India as it takes the pressure off RBI (Reserve Bank of India) to continue to hike rates. We think that gets deferred to next year,” said Robertson. “No one wants to see political uncertainty or upheaval in India … but external factors should help mitigate that.”

While emerging markets such as Turkey, Brazil and Pakistan have their own internal political problems, the U.S.-China trade dispute has added pressure to supply chain woes for countries like Malaysia.

Malaysia faces external trade concerns and weak exports, and China is one of its largest trading partners.

“There are some concerns about fiscal sustainability (in Malaysia),” said Robertson. “But in an environment where the external factors are stable, or neutral, or maybe slightly better, I think rating agencies will give the new administration the benefit of the doubt.”

If trade tensions continue, regardless of what is achieved at the G-20 summit, the equity markets in North Asia, such as Korea and Taiwan, will underperform, said Robertson. But for countries such as India and Indonesia, his theme is “overweight.”


Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: kavita chandran
Keywords: news, cnbc, companies, trade, stanchart, factors, robertson, india, external, political, markets, emerging, weak, think, stabilize, recover, 2019, stable, upheaval


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post