Markets await further action from the Asian monetary authorities with both JPY and CNY in the intervention zone again. In contrast to earlier rounds of intervention, we are much less certain that precious metals will thrive.
Something for your Espresso: USD/Asia is already bid again…
Despite basically all short-term factors pointing in the direction of a softer USD, we are starting to see bullish price action in USDJPY and USDCNY again. What is going on?
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Rotating EM Flows: From Japan to Emerging Asia
Japan has reemerged as a feasible investment these last years, but is the driving force of this performance ebbing, as China returns to the table? A look at the relative winners and losers if China in fact is returning.
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EM by EM #22 The Good, the bad and the ugly
FED is pausing but EM’s are already fed up and the dynamics of the 2022-trade remains our frame of guidance. But what could turn the table?
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EM by EM #21 Why China is uninvestable yet tough to short
7.30 was the line in the sand but can the Chinese defend their thench? We find it unlikely. But the battleground is not a safe place yet
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Great Game – Biden on charm offensive
President Biden flies to South Asia on a charm offensive. But what can he accomplish and what will the Chinese do?
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Something for your Espresso: Time to wake up for the CCP?
Nothing out of China supports the China bulls and the bears are loud again this morning, but is the data now getting bad enough for the CCP to put the pedal to the metal? Meanwhile the BoJ is caught between a rock and a hard place.
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EM by EM #9 The EM proxy crime and when to commit it
As a new addition to our editorial, I will now provide a monthly overview of emerging markets, taking a step back from the intricacies and offering a broader perspective. The purpose of this feature is to outline our current positioning within the market cycle and highlight the key factors we are monitoring surrounding EM.
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Valuation Watch #1 – What’s Cheap and What’s Expensive in Equity space?
What is cheap and what is expensive in equity space? We have taken a look across sectors, geographies and styles in equity space. Here is what is cheap and what is expensive.
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