by Oussama Himani | May 22, 2017 | Uncategorized |
We have taken a positive view on Emerging Market debt for some time. Over the past few months, however, we tempered our enthusiasm as we balanced relatively attractive spreads against the implications of rising protectionism for trade-dependent economies. Market...
by Oussama Himani | Apr 4, 2017 | Markets |
Just over a year ago, global markets were unsettled by concerns over China’s decelerating growth. Investors focussed on the mounting leverage in the economy. Commodity prices plummeted. Relatively minor (albeit abrupt) changes to the currency basket were viewed as...
by Oussama Himani | Feb 20, 2017 | Markets |
The equity market rally that followed Trump’s election was in our view largely driven by expectations of tax cuts increasing corporate earnings. For the positive momentum to be sustained there needs to be firmer prospects of economic growth gaining traction. It is...
by Oussama Himani | Dec 14, 2016 | Markets |
The past year has been one of multiple surprises. The year started with fears of a sharp deceleration in China, and worries over the implications of rising Fed rates for emerging markets. Some worried that the global economy could slip into recession. Britain was...
