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Money has stopped pouring into emerging markets and it could signal a ‘darkest before dawn’ moment

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“I like emerging markets, particularly because, in this mess of changing variables, the asset-class level tends to be pleasantly old-fashioned,” Grantham said in September” writes Finanzen Net Gmbh for businessinsider.com. Preliminary economic indicators for emerging markets, which have shown signs of stabilization after four quarters of weakness, could signal a “nervy test of the ‘darkest before dawn’ thesis” according to UBS. The bank notes the recent stabilization could signal a bottom for emerging markets, though Asian economic data continues to lag.EM ETF outflows have been concentrated in Asia ex-Japan funds,…

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Wall Street weekahead: U.S. stock reign may not last over other regions

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“U.S. corporate earnings are expected to climb 5.3 percent this year after rising 24.4 percent in 2018, according to global markets research at FTSE Russell” writes Midwest Communications Inc for 95kqds.com. European companies, excluding the UK, are expected to see profits rise 9.1 percent this year, while profits for emerging market companies are projected to rise 13.9 percent.The strength of the U.S. dollar is another factor for emerging markets, many of which have debt denominated in the greenback.U.S. stocks are near 70-year highs relative to other global developed markets, according…

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Foreign investments in T-bills increase by $2.4bn in January

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“Foreign investments in Egyptian treasury bills (T-bills) recovered in January after nine consecutive months of decline” writes Hossam Mounir for dailynewsegypt.com. Foreign investments in Egyptian T-bills reached their highest level in March 2018 at EGP 380.3bn, an equivalent of $21.5bn.Foreign investments in T-bills stood at nearly $11bn before 25 January 2011, however, it declined to less than $25m at the beginning of 2016.According to CBE, foreign investments in T-bills in January climbed to EGP 233.8bn, an equivalent of nearly $13.20bn, compared to EGP 192.29bn, an equivalent of $10.70bn, at the…

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Wall St. Week Ahead: U.S. stock reign may not last over other regions

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“U.S. corporate earnings are expected to climb 5.3 percent this year after rising 24.4 percent in 2018, according to global markets research at FTSE Russell” writes Midwest Communications Inc for 95kqds.com. European companies, excluding the UK, are expected to see profits rise 9.1 percent this year, while profits for emerging market companies are projected to rise 13.9 percent.The strength of the U.S. dollar is another factor for emerging markets, many of which have debt denominated in the greenback.U.S. stocks are near 70-year highs relative to other global developed markets, according…

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JPMorgan stays with Venezuela in emerging bond indexes: fund managers

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“The EMBI Global index includes $24.1 billion of dollar-denominated PDVSA debt, according to the index provider” writes Midwest Communications Inc for 95kqds.com. SYDNEY (Reuters) – JPMorgan has retained dollar-denominated debt issued by Venezuela’s state-run oil company PDVSA in a key emerging market bond index as part of its monthly rebalancing, according to two fund managers.Investors have been concerned about the status of PDVSA debt after Washington imposed sweeping sanctions on the company earlier this year.Since the start of the year, bonds issued by Venezuela and PDVSA chalked up steady gains…

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J&J and Allergan are racing to shake up the $9 billion market for depression treatments for the first time in decades

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“And on the heels of the FDA’s nod for esketamine, analysts are hopeful these drugs could be approved as well” writes Erin Brodwin for businessinsider.com. In recent years as more existing antidepressants have become available as cheaper generics, the market for depression drugs has actually shrunk slightly, to $6.2 billion in 2017, according to information from Datamonitor Healthcare.Allergan has said the drug could reach annual sales of $2 billion, though some analysts think sales will be lower.The meeting’s purpose was to get input from outside scientists as to whether the…

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Emerging markets stock ETFs have most 5-day inflows in 5 years

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“Demand for emerging markets assets has exploded as the Fed has turned dovish,” said David Santschi, director of liquidity research at TrimTabs” writes Reporter Editor for marketwatch.com. Emerging market bond ETFs had inflows of $900 million, or 3% of assets, in the five trading days ended Feb. 8, the biggest five-day inflow on record.Emerging markets equity ETFs had inflows of $3.5 billion, or 1.9% of assets, during the five trading days ended Feb. 5, the biggest five-day inflow since April 2014, according to TrimTabs Investment Research, helped by the Federal…

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Emerging markets are red hot right now. Three investments for the rest of 2019

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“This is one of the best times to diversify into emerging markets,” said Luca Paolini, chief strategist at Pictet Asset Management” writes unknown author for cnbc.com. Emerging markets have been one of the hottest trades of the year thus far.Investors thinking about betting in emerging markets should look at Brazilian stocks, Mexican bonds and banks in the space, according to strategists and analysts. “Everything is pointing to outperformance in emerging markets.”.  Source: cnbc.com

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Emerging markets set for a ‘rally’ after last year’s rout, says strategist

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“With the U.S. Federal Reserve pledging to be “patient” in future rate hikes, emerging markets should do better this year, and may in fact even have “a decent rally,” one strategist told CNBC on Monday” writes -mary Nicola for cnbc.com. Last year, economic troubles in Argentina and Turkey, as well as the Fed tightening monetary policy, had caused a selloff in several emerging market currencies.Some emerging market stock indexes also saw steep declines.But those markets should turn around this year, said Mary Nicola, a G-10 foreign exchange and Asian fixed…

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‘The emerging opportunity of 2019’: One expert says tech is passing the baton to an unloved area of the market that’s set to explode higher

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“But one market expert says that dominant position will move from tech to emerging markets in 2019” writes Joe Ciolli for businessinsider.com. The nascent era of slowbalisation may be an opportunity for other emerging markets to shine.”. “Economic growth, and especially emerging markets growth, is primarily an internal matter,” Deluard said.”I suspect that the positive effects of free trade are routinely over-estimated by mainstream economists, especially when it comes to emerging markets,” Deluard said.He continued: “Emerging markets’ mountains of US dollar debt, which are still viewed by many as the…

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