8 Aug 2025
UBS Ukraine Reconstruction Index hit a fresh ATH on Trump peace push.
Top gainers in the index include: Ferrexpo (+20%), Raiffeisen Bank (+12%), Wienerberger (+9.5%), CRH (+7%). Source: HolgerZ, Bloomberg
26 Jun 2025
Emerging markets $EEM are breaking out to 3-year highs.
Source: Ross J Brown RJB Financial Direction Limited
15 May 2025
A clean multi decade breakout?
Source: The Long View, @HayekAndKeynes
2 Jan 2025
This is EM currency performance versus the Dollar in 2024. The 3 worst performers are: (i) Argentina's Peso; (ii) Brazil's Real; (iii) Russia's Ruble.
Source: Bloomberg, Robin Brooks
27 Dec 2024
The Ratio of Emerging Markets to US Equities is now at an all-time low, breaking below the prior low from March 1999.
Source: Charlie Bilello
10 Oct 2024
Meanwhile: Very significant upward revision in the real GDP forecast for Brazil this last month.
Source: Tavi Costa, Bloomberg
8 Oct 2024
The come-back of emerging markets equities?
We just witnessed the 2nd largest weekly inflow to EM equity funds ever according to BofA / EPFR fund flows data. Among the tailwinds for EM equities: weaker dollar, Fed cutting rates, room for EM central banks to ease monetary policy conditions, China stimulus and cheap valuations. Source: BofA, @ackmeni on X
7 Oct 2024
GS: South Africa, Commodity heavy EMs (Peru, Chile), and North Asian equity markets have the highest sensitivity to China growth
Source: Mike Zaccardi, CFA, CMT 🍖, Goldman Sachs
