China’s growth slowdown may hold back EM equities

We think slower growth in China will continue to weigh on the country’s stock market, as well as those of some other emerging markets (EMs).
Thomas Mathews Markets Economist
Continue reading

More from Global Markets

EM Markets Chart Book

Contagion from Turkey’s crisis likely to remain limited

Spillovers to other emerging markets from Turkey’s ongoing currency crisis have been limited so far and we think this will remain the case even if Turkey’s financial markets remain under pressure.

24 November 2021

DM Markets Chart Book

We think US inflation compensation will rise further

US 10-year inflation compensation has risen by another 20bp or so over the past month and we think it will increase further as inflation in the US proves more persistent than most expect. This is one of the reasons why we forecast the yields of long-dated US Treasuries to rise over the next two years.

19 November 2021

Global Markets Update

We now expect E-Z “peripheral” spreads to widen a bit

We now think that, rather than remaining broadly stable, the spreads of euro-zone “peripheral” bonds will widen somewhat over the next two years as the ECB gradually normalises monetary policy. That said, we still expect spreads to remain low by historical standards.

17 November 2021

More from Thomas Mathews

DM Markets Chart Book

Fed’s inflation tolerance may lead to higher bond yields

A year after the Fed announced its new policy framework, we think that bond markets still don’t fully reflect the likelihood of a prolonged period of above-target inflation.

25 August 2021

Capital Daily

The latest stock market sell-off and the rotation trade

We think the sectoral rotation trade will be a key feature of stock markets as economies continue to recover, resulting in the US market generally trailing those elsewhere.

23 August 2021

Capital Daily

Is the US dollar overvalued?

The recent gains in the US dollar have left it somewhat above its “fair” value on most metrics we track, but we doubt this will prevent it from rising over the next 6-12 months.

20 August 2021
↑ Back to top