Brasília riots add to investor caution over Brazil
market snapshot
Emerging markets set to turn a corner?
Fast reading: Amid tech crackdowns, a struggling property sector and the fallout from its zero-Covid policy, China had a tough 2022. Will the country’s fortunes improve in 2023? Amid big hikes by the US Federal Reserve, the strong US dollar cast a long shadow over financial markets last year. How might dollar strength impact emerging […]
The time is now: Creditors to negotiate stronger covenants in 2023
Conditions in global credit markets have materially changed over the course of 2022. Tightening policies by central banks to control inflation and investors’ fears of economic slowdown has resulted in a material jump in corporate borrowing costs, a significant reduction in primary issuance and a deterioration in the secondary market. However, we see a silver […]
Fiorino: Leverage will tear us apart, again
On November 8, the blood moon eclipse pushed more earthbound topics – such as war, inflation and near collapse of the UK financial system – momentarily to the sidelines as people around the world paused to marvel at the blushed red hues of our nearest celestial neighbour. Some may have gazed up and wondered how […]
ESG Materiality, Q4 2022
Key voting season trends in emerging markets
Emerging market debt: Darkest before dawn
Within the fixed income spectrum, EMD offers particularly compelling value on account of already having priced in much of the risk that other asset classes must negotiate in the year to come. Following the bruising sell-off in the first six months of the year, 20% of the EMD universe trades at over 1000bps in spread […]
Sustainable Global Equity Report, Q4 2022
The inflation game-changer
The art of going against the grain
Asia ex-Japan’s ten-year anniversary
Central banks ramp up rates in shadow of recession
market snapshot
Markets take fright as Xi assumes total control
market snapshot
