Brazil’s presence in Africa surged during the government of former President Luiz Inacio Lula da Silva, who opened embassies in 35 of 54 African nations and led a flurry of trade and investment missions ? “We want to take up relations with Africa again and reaffirm its importance for Brazil, ” Foreign Minister Aloysio Nunes said in an interview on Friday before he set off to visit South Africa this week ? Trading in ZAR pairs must now be considered, going forward ?
Emerging Markets Outlook: Constructive, But for Investors the Work Begins
While PIMCO’s cyclical outlook is cautious overall, our outlook for emerging markets ex China (EM) is more constructive. We expect further improvement in the EM macro picture as most emerging economies are at a different stage of the economic cycle than developed economies and they are still benefiting from relatively easy global policy conditions. Both of these should support a rebound in economic activity and continued disinflation. Yet because valuations on EM debt are high after this year’s rally and market volatility is likely to increase in the months ahead, the days of relatively easy returns for investors in EM may be passing. ... (full story)
- Posted: Oct 11, 2017 12:36am
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