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Prices expected to rise as market will take cues from this week’s Opec+ meeting

The International Energy Agency's recommendations for reaching net zero emissions by 2050, are 'dizzyingly ambitious', according to Japan's MUFG

4 Min Read LONDON, April 22 (Reuters) - Russia’s central bank will meet on Friday to set interest rates with more than one third of analysts now expecting inflation pressures and rising geopolitical tensions to prompt policymakers into a 50 basis point rate hike. About two thirds of analysts are sticking to earlier forecasts of a 25 bps rate hike to 4.75%. Here are some key questions being asked by markets: 1/WHAT ROLE WILL GEOPOLITICS PLAY? Russian markets are no strangers to geopolitics, but Washington’s latest sanctions targeting local sovereign debt send a message about what options a...

Higher Commodity Prices Could Boost EM Currencies, ETFs Rising commodity prices could support the developing market outlook, along with related exchange traded funds. Market strategists believe that emerging market currencies could find support from higher commodity prices, projecting that emerging currencies tied to commodity-exporting countries could outperform the U.S. dollar over the next year, Reuters reports. “Given our generally bullish outlook on commodity for 2021, we expect commodity exporters to remain supported, in both EM and DM (developed markets), even in the face of a strong...

3 Min Read LONDON, May 6 (Reuters) - Emerging market central banks delivered more rate rises than cuts in April, marking the end of an easing cycle that had started in 2019 as central banks, especially in emerging Europe and central Asia, grapple with rising inflation pressures. Policy makers across a group of 37 central banks in developing economies delivered a net four interest rate hikes in April after recording a net five increases in March. “Following the most aggressive monetary easing cycle in EM history since the onset of the pandemic, the tide is now turning, with reflation concern...