Economy

As November approaches its final trading week, emerging market (EM) investors find themselves grappling with a persistent series of challenges that have marred the performance of their portfolios. The increases in U.S. market performance, coupled with a strengthening dollar, pose significant obstacles to EM recovery, leaving investors questioning their strategies in an increasingly hostile environment.
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The recent appointment of Scott Bessent as Treasury Secretary by President-elect Donald Trump has injected a renewed sense of optimism into the beleaguered U.S. government bond market. This decision comes at a time when investor unease loomed over the Treasury markets—a situation exacerbated by concerns about rising inflation and increasing federal budget deficits stemming from
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As we move further into 2024, the U.S. stock market is establishing a significant lead over global equity markets. The S&P 500, a key benchmark representing top American companies, has surged over 24% this year alone. This remarkable performance has set the index apart from its European, Asian, and emerging market counterparts. A recent analysis
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In a significant legal development, Gautam Adani, the chairman of India’s Adani Group and one of the wealthiest individuals on the globe, has been indicted in a New York federal court. The allegations revolve around a purported multibillion-dollar bribery and fraud scheme involving multiple parties, including Adani’s nephew, Sagar Adani. U.S. prosecutors claim that the
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In recent discussions, Federal Reserve Governor Lisa Cook has indicated a noticeable decline in U.S. inflation rates, attributing this to a cooling labor market and reduced wage growth. These observations suggest that while inflation remains a primary concern, its intensity has diminished, particularly in sectors outside of housing where price escalations are more pronounced. Cook’s
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The city of Hong Kong has long been heralded as a vital international financial hub. However, recent years have witnessed significant challenges that have tested the resilience and competitiveness of its capital markets. In a bid to reinvigorate interest and participation in the financial ecosystem, Chinese Vice Premier He Lifeng announced plans aimed at strengthening
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In the wake of Donald Trump’s surprising victory in the U.S. presidential election, the currency markets have been fluctuating significantly, particularly the U.S. dollar. As a result, the British pound experienced some turbulence, sliding to a six-month low just last week. However, it has demonstrated a subtle strength, managing to regain a fraction of its
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As Asian markets brace for the opening bell, a wave of uncertainty looms over investor sentiment. In recent days, fluctuations in U.S. financial indicators have raised alarms, signaling potential turbulence ahead. Rising U.S. bond yields, a robust dollar, and a tumultuous performance on Wall Street have left many questioning the prudence of investing in local
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ByteDance, the parent company of the globally popular social media platform TikTok, has positioned itself at a staggering valuation of approximately $300 billion. This figure surfaced following a recent buyback offer that aimed to repurchase shares at an estimated $180 each. Such a striking valuation highlights ByteDance’s significant market presence in the technology sector, especially
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