Indian stocks have further downside in absolute terms as profits disappoint. Their underperformance versus the EM equity benchmark, however, is late, which warrants a shift from underweight to neutral allocation.
French markets woke up Monday to fresh political turmoil, with Prime Minister Sébastien Lecornu resigning just 27 days into office, marking the shortest tenure in modern French history. The CAC 40 dropped over 2%, the euro slid 0.7%…
The October 1 partial US government shutdown risks denting near-term GDP and sentiment but should present a buying opportunity if it triggers equity weakness. The US federal government partly shutdown on October 1 after the…
President Trump said a partial federal government shutdown is "probably likely" late in the afternoon on September 30. Senators have until midnight to pass a continuing resolution already passed by the House that would keep the…
Will the US federal government shutdown on October 1? Congressional leaders are meeting with President Trump in the White House as we go to press. If eight Democratic senators do not vote with Republicans to pass a no-frills "…
Indonesia’s policy easing will boost domestic demand, but fuel inflation. Current account deficit will widen, and the rupiah will weaken. Stay short the rupiah and go underweight Indonesian stocks, domestic bonds, and sovereign…
Core Europe’s industrial sector will relapse in the coming months due to US tariffs and a strong euro. Investors can play the imminent deflationary shock by being long Central European bonds. They should, however, hedge the…
Despite the post-election selloff, investors should continue buying Argentine assets on weakness. Argentine markets sold off sharply after President Milei’s party suffered a crushing defeat in Sunday’s Buenos Aires election.…
A fleeting greenback rally post Fed rate cut will offer a final chance to reset short dollar exposures. See why undervalued Asian FX are poised to lead the next leg lower in USD and how to position now.