04 Jan, 2021 23:00 am

Valuation Caution Returns as Emerging Markets Face 2021 Reality By Bloomberg

Valuation Caution Returns as Emerging Markets Face 2021 Reality By Bloomberg
Valuation Caution Returns as Emerging Markets Face 2021 Reality

That’s also higher than the central bank’s revised October forecast of 12.1%, and nearly triple the target of 5% The lira was the biggest gainer in emerging markets after the Chilean peso in December, trimming last year’s loss against the dollar to 19% Governor Agbal delivered another meaty interest-rate hike late last month, bolstering credibility with investors after he pledged to tighten policy when needed to keep prices in check In Poland, preliminarily December inflation data will probably reflect a slowdown The nation’s central bank is analyzing the impact of potential interest-rate cuts that could take place in the first quarter of 2021, Governor Adam Glapinski said Consumer prices in Ukraine for December, scheduled for Friday, may show a higher reading for the month Colombia’s December inflation data, to be released on Tuesday, is likely to show that price-growth remains subdued While the nation’s peso slipped in 2020, it was still the second-best performer among six Latin American currencies tracked by Bloomberg December inflation data for for much of Asia will also be released this week Indonesia’s CPI remained below below the central bank’s 2%-to-6% target range for a seventh month in data released on Monday Thailand is expected to report a 10th month of deflation on Tuesday Taiwan’s CPI should hold around 0.5 per dollar soon after trading opened The January outlook for the yuan looks good with exporter sales of dollars, clear evidence of seasonal strength, and the possibility of a relaxation in the central bank’s resistance to further appreciation China’s Caixin services PMI is predicted to show a slight increase when it is published on Wednesday India’s services PMIs are due on Wednesday The rupee was one of the worst-performing regional currencies in the second half, though it still gained about 3% While there should be more room for rupee appreciation in 2021, Brad Setser -- who will probably be responsible for the U.The baht broke through the key 30 per dollar level when trading commenced in the new year, as the central bank debates further measures to arrest currency strength Taiwan’s trade numbers for December due Friday are expected to show healthy export growth and surplus South Korea’s November current-account figures -- also due Friday -- should remain in comfortable surplus China may release money supply and loans data this week, while the Philippines may release trade figures for November Chile’s November economic activity on Monday is expected offer its first positive year-over-year reading since before the coronavirus was declared a pandemic, according to seven economists surveyed by Bloomberg Investors will also watch for a potential pickup in December inflation figures later in the week.

The peso was the lone Latin American currency to gain in 2020, according to a Bloomberg tracker On Thursday, Mexican policy makers will release the minutes of their most recent meeting, when the central bank left its key rate unchanged On the same day, a reading of December inflation will probably flag a pickup from a month earlier Brazil will release a slew of economic data for December, including trade figures, manufacturing numbers and vehicle sales ©2021 Bloomberg L.” Listen: EM Weekly Podcast: Georgia Senate Runoffs, PMIs, Inflation Data Developing-nation stocks ended 2020 at the highest level in 13 years while currencies edged closer to their 2018 record.

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