vimarsana.com

Page 32 - மோர்கன் ஸ்டான்லி மூலதனம் சர்வதேச News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Quarterly Review: 2020 Ends Positive on A Positive Note

The year finished strong as investors look ahead to a 2021 recovery. Previously lagging sectors, such as Energy and Financials, were the best performers, we believe, due to growing expectations for a full re-opening of the economy. As the rotation towards recovery plays continues, we have increased our exposure to economically sensitive areas such as emerging markets. The Road to Recovery is Paved with Government Spending and Vaccine Approvals Finished the year strong: At the beginning of the fourth quarter, uncertainties surrounding the US elections, timing of vaccine approval, and above-average valuation levels left many investors questioning whether the rally off the March lows could be sustained. News of additional stimulus, improving economic metrics, and multiple vaccine approvals overshadowed those uncertainties. As a result, investors chose to focus on the road ahead rather than the rear-view mirror. Ultimately headlines gave way to recovering fundamentals, leading globa

Inflation Drumbeat – Mostly Distant in EM | Tactical Allocation Channel

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, 

Market watch: PSX shoots to over 2 5-year high

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.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.