The past 5 years in Emerging Markets (EM) have been challenging, impacted by a series of global macroeconomic shocks triggering elevated market volatility and gyrations in market leadership. This was exemplified by the MSCI EM returning close to 0%...

Turkey was hit by a disastrous earthquake a few months before a key presidential election. Brazil debates its inflation target as political pressure on its central bank increased. China’s credit creation was stronger than expected, boosting hopes for...

Global central banks delivered a hawkish tone, but market moves were mostly related to positioning...

Gustavo Medeiros, Ashmore’s Head of Research, answers some timely questions about recent events and performance in Emerging Markets for our 'EM in 10' monthly video review.

This week will set the tone for risk assets for the remainder of Q1. In Emerging Markets (EM), Colombia and South Africa both hiked policy rates by 25 basis points (bps), below consensus...

Chinese stocks’ outperformance extended in 2023, allowing for another relief rally into Developed Markets (DM) stocks. Argentina announced a bond buyback. Political noise remained loud in Brazil...

Softer inflation data and the feel-good factor from China create a positive confidence shock. Emerging Market (EM) debt issuance jumps to USD 34bn in a single week. Central Europe, India and Mexico post better inflation numbers.

An encouraging start to 2023, as the re-opening of China’s economy goes ahead. A new year, a rebirth of EM primary market issuance. The storming of the Federal District by supporters of ex-president Bolsonaro in Brazil echoes the similar event on 6 Jan...

A better year-end for EM manufacturing Purchasing Managers’ Indices (PMIs), except for China, where the experience of ‘living with Covid’ appears to be creating an incredible amount of pain, and noise. Looking through the near-term confusion, the...

Global equity markets attempt to rise after consumer price index (CPI) inflation was lower than expected across the world, with US equities rallying sharply after its CPI release last Tuesday. However, stocks sold off after the “one-two hawk strike” by...

Ashmore’s Head of Research, Gustavo Medeiros, discusses the outlook for Emerging Markets in 2023.

This week will be key for the performance of risk assets in December. In Peru, Pedro Castillo was ousted from his presidential seat after attempting to unlawfully dissolve parliament. In Argentina, Vice-President Cristina Fernández de Kirchner was...

Emerging Market (EM) assets were subject to three strong headwinds in 2022, namely, China’s zero Covid-19 and real estate crisis, aggressive interest rate tightening from the US Federal Reserve (Fed), and the Russian invasion of Ukraine. Two out of...

Gustavo Medeiros, Ashmore’s Head of Research, summarises the recently published 2023 Outlooks for Emerging Markets.

Purchasing Managers’ Indices (PMIs) for Emerging Markets (EM) declined very slightly, contrasting with the deterioration on developed world PMIs. Europe agreed on capping the price of Russian oil. Large Chinese cities eased mobility restrictions.

During this webinar they discussed the drivers behind Frontier and Smaller Emerging Markets recent outperformance compared to developed and larger emerging markets and why they believe this will continue.

Flashing red Purchasing Managers Indices (PMIs) are signalling a US recession in early 2023. China protesters took to the streets as local government restrictions conflicted with 20 new guidelines issued early in the month. The Peruvian president...

A clear result in the Kazakh election contrasts with the hung parliament in Malaysia. The Indonesian Central Bank hiked its policy rate by 50bps to 5.25% - another move fostering macroeconomic stability. China economic data was soft and zero-covid took...