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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

    Russia’s international reserves are now ten times higher than the federal government’s external debt. Two more upside inflation surprises in EM give additional credence to the reflation narrative.

    Emerging Markets Debt Daily

    August 12, 2020

    Brazil Reforms – One Step Back?

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

    Brazil’s economic team’s resignations brought back concerns about the reform agenda. The reflation theme staged a mini-comeback.

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    Emerging Markets Debt Daily

    August 11, 2020

    China Credit – Normalization Not Disappointment

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

    China’s softer credit aggregates is a sign that the situation in the economy is normalizing. A big jump in Hungary’s inflation caught the market by surprise.

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    Emerging Markets Debt Daily

    August 10, 2020

    China – Rebound but No Inflation Pressures

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

    There are no signs of inflation pressures in China, which supports the accommodative policy stance. The market is skeptical that incremental measures will stop the currency rout in Turkey.

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    Emerging Markets Debt Daily

    August 07, 2020

    Rising China Exports, Rising U.S.-China Tensions

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

    China’s exports surprised to the upside in July, but headwinds are real. Mexico inflation edged higher, however there is still room for gradual rate cuts.

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