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EM-Funding

EM-Funding

@EMFunding

Emerging Markets is what we like “Nothing is so permanent as a temporary government program.” ― Milton Friedman

London Katılım Ekim 2012
660 Takip Edilen336 Takipçiler
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EM-Funding
EM-Funding@EMFunding·
La Vida, a UK charity, aims to help communities in #Latam who are severely affected by coronavirus. Food and medicine are desperately needed due to the huge impact on informal workers and supply chains. bit.ly/3epltgo
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EM-Funding@EMFunding·
Exchange Rate Gap in Argentina Virtually Eliminated on Day 1 of New FX Regime Narrowed to 2% from 25%
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EM-Funding@EMFunding·
FX liberalisation in Argentina gets off to remarkably good start Official rate has only depreciated by about 11% and gap with the parallel rate has virtually closed. But these are early days!
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EM-Funding@EMFunding·
#Gold is king, #China is hanging in there (Hang Seng), and #Latam is recovering, but Argentina and the US are falling down from their peak.
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EM-Funding@EMFunding·
#Gold is king, #is hanging in there (Hang Seng), and #Latam is recovering, but Argentina and the US are falling down from their peak.
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EM-Funding@EMFunding·
Pobre México, tan lejos de Díos y tan cerca de Estados Unidos...
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EM-Funding@EMFunding·
Embattled Latam currencies have benefitted from this reversal, posting outsized ytd gains vis-a-vis the dollar. Even MXN has appreciated a bit.
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EM-Funding@EMFunding·
#Latam currencies rebound as Trump trade goes into partial reverse If it ever meant anything, the Trump trade meant dollar appreciation. So far it has not worked out that way as the dollar has depreciated by 1.6% against the DXY basket of other major currencies so far this year
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EM-Funding@EMFunding·
Brazilian yields go through roof.... linkedin.com/feed/update/ur…% 3A7271532393478434816% 2C7272827814888828928%29&dashCommentUrn=urn%3Ali%3Afsd_comment%3A%287272827814888828928%2Curn%3Ali%3Aactivity%3A7271532393478434816%29
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EM-Funding@EMFunding·
...in the region. Mercado Libre is however easily the largest constituent of the MSCI All Argentina index, with a weight of 73.5% and a market cap of $94.8bn. If it were included in the regional index, it would have a weight of 13.3%. This would boost Argentina to third place at
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EM-Funding@EMFunding·
MSCI Latam misses the stellar performance of Argentina and Mercado Libre The MSCI Latam index does not capture the recent outstanding rally of the Argentine country index, which was excluded in November 2021. This is by no means insignificant as if it were included #Argentina
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EM-Funding@EMFunding·
...on this occasion. And the top 5 forecasters are predicting a terminal rate of 13.0% in the tightening cycle. Meanwhile, BRL came within a whisker of touching an all-time closing low last Friday before strengthening slightly yesterday.
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EM-Funding@EMFunding·
Brazilian inflation expectations continue to creep upwards... …ahead of tomorrow’s Copom meeting. The consensus is that there will still be a 50bp hike to 11.25%. And that the Selic will peak at 12.0% However, there has been some speculation that there could be a 75bp hike...
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