Emerging Markets summary – TDS

By FXStreet Analysts at Brown Brotehrs Harriman noted the recent activity in EM’s and summarized as follows.

Key Quotes:

“
1) The recent stabilization in oil prices came too late to prevent downgrades to some major oil producers

2) Recent press reports suggest more stimulus measures are in the pipeline from China

3) The PBOC will start conducting open-market operations every working day

4) Sri Lankan central bank unexpectedly hiked rates for the first time since 2012

5) Recent Ukraine developments are worrisome

6) Russia is reportedly discussing cuts in defense spending

7) S&P cut the outlook on Colombia’s BBB rating from stable to negative

8) Mexican policymakers took extremely aggressive measures to support the peso

9) Venezuela devalued the bolivar and hiked domestic gasoline prices.”
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Source:: FX Street