Market sentiment towards the Chinese currency has shifted significantly
As expected, the FOMC voted to maintain the federal funds rate at a range of 1.00% to 1.25% at the November meeting, citing ���realized and expected labor market conditions and inflation��� as the driving forces behind today's decision.
A summary of the factors driving global markets over the last month.
The performance of the US dollar significantly diverged from relative rate spreads.
A summary of the factors driving global markets over the last quarter.
Market volatility returned in October. The S&P 500 moved up or down by more than 1% in a single day on ten occasions last month ��� two more times than in the whole of 2017.
We expect continued solid returns for emerging market debt (EMD) over the next six to 12 months, driven by healthy fundamentals, a supportive net issuance level and attractive valuations.