Halister News

(Bloomberg) -- “The risk environment for EM assets should remain positive in the weeks ahead as EM fundamentals continue to show signs of improvement and EM inflows continue,” JPMorgan Chase & Co. analysts including Luis Oganes say in e-mailed note.

• “Recent EM economic data have supported upward growth revisions in some of our forecasts, led by EM Asia and parts of Latin America”
• “That said, the mixed set of August EM PMI data and weak U.S.

output curb our enthusiasm over the recent upturn in EM growth”

• Maintains overweight emerging-market local and hard currency sovereign bonds; neutral currencies, corporates
  • Prefers high-yielding local-currency bonds
• NOTE: Global Selloff Threatens to Spiral as Central Banks Angst Builds