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Wall Street touts emerging-market rates as dovish pivot arrives
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Wall Street pins second-half hopes on emerging markets, including India
newsindiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsindiatimes.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) With hopes for a monetary-policy pivot in the US and Europe dashed, money managers from Goldman Sachs to Citigroup are touting interest-rate cuts in emerging markets as a major investment theme for the second half of 2023.Most Read from BloombergFrench Riots Begin to Abate Even as Economic Costs MountDizzying Bond Moves Put 4% Yield in Play to Win Over InvestorsChina Has $3 Trillion of ‘Hidden’ Currency Reserves, Setser SaysTaylor Swift Is Making More Than $13 Million a Night on H
(Bloomberg) The bond market’s big wager that Turkey will return to economic orthodoxy faces its first major test later on Thursday, and some investors are bracing for disappointment.Most Read from BloombergTitanic Sub Search Chases Mystery Noises as Air Runs LowModi Meets With Elon Musk and Ray Dalio as Global Money Flocks to IndiaChina Says Biden Calling Xi a Dictator Is ‘Provocation’Modi’s Yoga Mastery Shows Indian Democracy Is Just a PoseShort Bets on US Stocks Hit $1 Trillion, Most Since
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