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  • VanEck Blog - Emerging Markets Debt Daily

     Emerging Markets Debt Daily
    Emerging Markets Debt Daily

    Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy

    Resilient exports, manufacturing drive China’s recovery. Argentina’s debt restructuring deadline might be extended yet again.

    Emerging Markets Debt Daily

    July 30, 2020

    EM – Nice Gesture from Federal Reserve

    by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy

    The U.S. Federal Reserve extended emergency swap lines, providing an important backstop for EM. Turkey’s international reserves predicament worsens.

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    Emerging Markets Debt Daily

    July 29, 2020

    EM – Global Growth Backdrop Mixed

    by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy

    The global backdrop for emerging markets remains mixed in the run up to the U.S. Federal Reserve’s meeting. Turkey raises its inflation forecasts, but the market is skeptical about a credible policy response.

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    Emerging Markets Debt Daily

    July 28, 2020

    Turkey Reserves – Back to Square One

    by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy

    Turkey’s international reserves resumed declining, and are now back to the level before the swap line with Qatar. Brazil’s external adjustment is well underway, improving the fundamental backdrop for the currency.

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    Emerging Markets Debt Daily

    July 27, 2020

    China Rebound – Can’t Ignore Structural Costs

    by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy

    China’s industrial profits confirm the deepening recovery, but details raise questions about longer-term structural consequences. Mexico’s June trade balance shows textbook adjustment.

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