Browsing Tag

Emerging Markets

Brazil Takes Further Action To Weaken Currency

Win Thin Jan 6, 2011

By Win Thin After warning of further measures to fight BRL appreciation, Brazil unveiled yet another policy measure in its toolbox. The central bank introduced reserve requirements on local bank dollar short positions this morning in an…

Economy

Asian Policy-Makers Face Dilemma Of Too Many Targets

Win Thin Jan 5, 2011

by Win Thin Bank Indonesia kept rates steady at 6.5%, as expected. However, we disagree with its dovish stance. Inflation pressures are rising, and tightening should have begun in 2010. Headline inflation was 7.0% y/y in December, the…

Markets

Chilean Plan To Weaken The Peso Likely To Be Followed By Others In EM

Win Thin Jan 4, 2011

by Win Thin Chile peso is the worst performer today vs. the dollar, down 5% after the central bank announced plans to buy $12 bln in order to weaken the currency. The bank plans to buy $50 mln a day from January 5 to February 9, with…

Economic Themes at the Start of 2011

Marc Chandler Jan 3, 2011

BBH's currency strategy team reviews the major economic issues in the four investing regions of note: the US, Europe, China and other Emerging Markets. In the US growth is accelerating. In Europe, the economy struggles with a sovereign debt…

Markets

S&P Upgrades China’s Sovereign Ratings

Edward Harrison Dec 20, 2010

In the CNBC Asia video below, Tan Kim Eng, director of sovereign ratings at Standard & Poor's Ratings, says China won't be coming to international markets to sell its sovereign debt anytime soon because it can fulfil its needs…

Economy

Is Vietnam In a Downward Spiral?

Edward Harrison Dec 17, 2010

Here's a run down of the recent woes in Vietnam. As you may recall, they are one of the few Asian emerging markets to be downgraded by the ratings agencies from Ba3 to B1 by Moody's - both junk ratings. Most of the other ratings in…

Markets

Pimco: Emerging Markets Will Outperform

Edward Harrison Dec 16, 2010

Here are the key takeaways from Pimco's recent piece on Emerging Market debt: Key Points: Global economic conditions and structural factors remain supportive for the emerging markets to “run fast,” and for the U.S., Canadian and…

Random Shots – 2011 Musings Edition

Claus Vistesen Dec 14, 2010

by Claus Vistesen (work in progress, but I thought that I would publish it thus far, stay tuned for more additions) I did have some plans to do a series of post to give a brief overview of my main macro and trade themes for 2011, but time…

Daily

Rosenberg: Ten Investment Themes for 2011

Guest Author Dec 13, 2010

The following is an excerpt from David Rosenberg's recent Lunch with Dave daily research piece highlighting Ten Themes for 2011. These themes are quite a bit different than the ones we highlighted just days ago from former colleague Richard…

Markets

Policy Uncertainty To Weigh On Turkish Lira

Win Thin Dec 13, 2010

by Win Thin There seems to be some policy uncertainty brewing in Turkey, which we view as negative for the lira. Today, central bank Deputy Governor Basci published a paper on the bank’s website that suggested a combination of interest…

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