emerging_markets.jpg Home Page News Page Between the “no” in the Greek referendum and a sharp drop in oil and commodity prices, EM is starting the week on a bad note. Therefore, we think this is a week to be defensive. There has been limited contagion so far from Europe, in either FX or fixed income markets, but this can change quickly. MSCI EM is testing the March low, and it is on track to eventually test the December low. Between the “no” in the Greek referendum and a sharp drop in oil and commodity prices, EM is starting the week on a bad note. Therefore, we think this is a week to be defensive. There has been limited contagion so far from Europe, in either FX or fixed income markets, but this can change quickly. MSCI EM is testing the March low, and it is on track to eventually test the December low. Between the “no” in the Greek referendum and a sharp drop in oil and commodity prices, EM is starting the week on a bad note. Therefore, we think this is a week to be defensive. There has been limited contagion so far from Europe, in either FX or fixed income markets, but this can change quickly. MSCI EM is testing the March low, and it is on track to eventually test the December low. read more
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