By Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy, VanEck
EM inflation drumbeat is not yet very strong, despite local risks and the louder chatter in DM. Brazil’s industrial production is recovering, but the pace of the emergency aid withdrawal will be key in many respects.
Inflation is one of today’s big stories, supported by renewed hopes for the U.S. stimulus (especially after the weak labor report), rising market-based inflation expectations in Developed Markets (DM) (see chart below), and the chatter about higher oil prices.
In our part of the world (Emerging Markets [EM]), the inflation landscape is still very mixed. Some countries are clearly “re-heating” – Russia, Turkey, Chile, and the Philippines. However,
단숨에 3100선 돌파한 코스피, 어디까지 올라갈까
segye.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from segye.com Daily Mail and Mail on Sunday newspapers.
아시아 증시 연일 최고치 기록…미국 3대 증시도 사상 최고
voakorea.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from voakorea.com Daily Mail and Mail on Sunday newspapers.
Market watch: PSX shoots to over 2.5-year high
Benchmark KSE-100 index soars 502.99 points to settle at 45,153.42
PHOTO: ONLINE
KARACHI:
The stock market achieved a major milestone as the benchmark KSE-100 index surged over 500 points and powered past the 45,000-point barrier for the first time since May 2018.
The market was buoyed by strong investors’ interest, which lifted trading volumes to 664.5 million shares. Bulls reigned supreme and stock investors welcomed the government’s decision on partial settlement of circular debt with the independent power producers (IPPs).
The rise was also attributed to upbeat data of petroleum product sales which rose in double digits. Oil sales were up 16% to 1.59 million tons in December 2020 compared to 1.37 million tons in the same month of 2019.