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On Trump's "first day," Emerging Markets faced difficulties, setting several records.
The opening price of the MSCI Emerging Markets Index based on expected PE is 46% lower than the S&P 500 Index, marking the largest gap since Obama's first inauguration in 2009; the average yield of local currency bonds in Emerging Markets is also lower than the yield of USA Treasuries. Analysis indicates that due to USA policy actions, a strong dollar, and high USA interest rates, Emerging Markets stocks are underweighted by investors.
Emrg Mkts Sovereign Debt Powershares To Go Ex-Dividend On January 21st, 2025 With 0.11079 USD Dividend Per Share
January 17th (Eastern Time) - $Emrg Mkts Sovereign Debt Powershares(PCY.US)$ is trading ex-dividend on January 21st, 2025.Shareholders of record on January 21st, 2025 will receive 0.11079 USD
Oil Is the Most Oversold Asset Globally – BofA
The "big trouble" Trump is coming, and Emerging Markets stock indices have fallen into a Range adjustment.
As of this Thursday, the MSCI Emerging Markets Index has dropped 10% from its high three months ago. According to Bank of America, during the week ending November 13 of last year, following the USA elections, there was a total outflow of 7.5 billion USD from Global Emerging Markets Stocks Fund, marking the largest weekly outflow in a decade.
As fears around Trump rise, the trends in Emerging Markets MMF and Gold diverge.
Amid expectations of Trump possibly returning to the White House, the 30-day correlation between Gold and the MSCI Emerging Markets MMF Index has dropped to its lowest point in nearly three years. Over the past three years, these two Assets have been positively correlated 86% of the time, but now they are experiencing a 30-day negative correlation, which has occurred for only the fifth time in three years.
Massive Interest Burden Haunts $29 Trillion Emerging Debt Pile