Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, David Ingles and Annabelle Droulers give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, David Ingles and Annabelle Droulers give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
(RTTNews) - European stocks are seen opening a tad higher on Friday after U.S. President Donald Trump said he would delay a threatened strike on Iran's energy infrastructure and extend his deadline for Tehran to reopen the Strait of Hormuz until April 6, adding talks with Iran we
(RTTNews) - European stocks are seen opening a tad higher on Friday after U.S. President Donald Trump said he would delay a threatened strike on Iran's energy infrastructure and extend his deadline for Tehran to reopen the Strait of Hormuz until April 6, adding talks with Iran we
matejmo/iStock via Getty Images Market Review Sector Review “Broad Market” The global backdrop in Q4 2025 was decidedly supportive for emerging markets (EM). The U.S. Federal Reserve (Fed) delivered two more 25 basis-point (bps) rate cuts in October and December, bringing the federal funds rate down to 3.5-3.75%. Other major central banks either eased policy or held steady as inflation continued t...
matejmo/iStock via Getty Images Market Review Sector Review “Broad Market” The global backdrop in Q4 2025 was decidedly supportive for emerging markets (EM). The U.S. Federal Reserve (Fed) delivered two more 25 basis-point (bps) rate cuts in October and December, bringing the federal funds rate down to 3.5-3.75%. Other major central banks either eased policy or held steady as inflation continued to decelerate worldwide. Notably, global headline inflation fell closer to targets, and the International Monetary Fund (IMF) modestly revised up its near-term growth forecasts. Emerging economies outpaced developed markets, with EM GDP growth around 4% in 2025 versus about 1.5% in advanced economies. This macro environment with cooling inflation, ongoing rate cuts, and improving growth prospects fueled risk appetite for higher yielding EM assets. A softer U.S. dollar in Q4 further bolstered EM currencies and local bond returns as investors rotated into non-U.S. markets amid expectations of continued Fed easing in 2026. Income from commodities like oil or metals and changes in supply chains helped protect these economies from problems caused by new tariffs and global tensions. As a result, emerging markets attracted a lot of investment flows during the quarter, especially since borrowing costs in the U.S. went down and the U.S. dollar softened. The quarter also coincided with the longest U.S. government shutdown on record adding a layer of uncertainty to global markets. While the shutdown's direct impact on EM was limited, it contributed to investor caution and reinforced expectations for continued monetary easing by the Federal Reserve, further supporting demand for EM assets. Against this backdrop, EM fixed income delivered positive broad-based returns for 4Q25. EM hard currency sovereign bonds gained +3.29% in the quarter, with spreads tightening around 31 bps to 253 bps over U.S. Treasuries. Local currency sovereign debt matched that performance at +3.34%, aided by EM cu...