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Four reasons why we expect further falls in EM equities

We think that stock markets in the emerging world will continue to struggle alongside their developed market peers over the next eighteen months or so, for four main reasons. Markets Drop-In (22nd June, 10:00 ET/15:00 BST): Join our Markets team for this special briefing on the outlook for equities, bonds and FX and a discussion about revisions to our forecasts. Register now
Kieran Tompkins Assistant Economist
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More from Global Markets

Global Markets Update

Answering your questions on our market forecasts

We held a Drop-In on Wednesday to discuss what the evolving outlook for monetary policy and global growth means for our markets forecasts. This Update recaps the key questions we addressed in the Drop-In and answers several of the questions that we received but didn’t have time to answer during the event.

24 June 2022

Global Markets Update

We now expect higher and earlier peaks in bond yields

We now think that the yields of 10-year developed market government bonds will peak earlier and, in some cases, at higher levels than we previously expected. That reflects a view that tightening cycles in many DMs will be more front-loaded and aggressive than we previously thought. Markets Drop-In (22nd June, 10:00 ET/15:00 BST): Join our Markets team for this special briefing on the outlook for equities, bonds and FX and a discussion about revisions to our forecasts. Register now

22 June 2022

Global Markets Update

New forecasts for US Treasuries & the S&P 500

We think the sell-offs in US government bonds and equities have further to run, and have revised our forecasts for 10-year Treasuries and the S&P 500 accordingly. Markets Drop-In (22nd June, 10:00 ET/15:00 BST): Join our Markets team for this special briefing on the outlook for equities, bonds and FX and a discussion about revisions to our forecasts. Register now

17 June 2022

More from Kieran Tompkins

Capital Daily

Three market implications of the EU’s embargo on Russian oil

We think that, at the margin, the EU’s embargo on Russian oil, announced yesterday, adds to reasons to expect the yields of long-dated government bonds to rise, equities to struggle and commodity currencies to outperform over the rest of this year.

31 May 2022

Capital Daily

Stock-bond correlation may stay positive for some time yet

While the relationship between the US stock market and government bond prices has reverted towards “normal” over the past couple of weeks, we doubt that this will last; we expect equity and bond prices to be positively correlated for some time yet as central banks struggle to get inflation back to target.

30 May 2022

Capital Daily

Some market implications of China’s lockdowns

China’s slowdown could keep the renminbi under pressure, and may have gloomy implications for global markets as well.

16 May 2022
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