In this edition we highlight:
1. Major Outlook Global Overview: Global Easing Continues as Economic Pressures Escalate. For much of this year, investors were in a waiting game searching for drivers. That waiting game is over: Sentiment has universally shifted toward caution, with the expectation of a bumpy ride ahead.
2. Emerging Market Country Profiles. The global backdrop for emerging markets remains challenging. The Fed was not as dovish as markets hoped last month and so the liquidity story leaves something to be desired. Furthermore, the liquidity story by itself was never enough to support a sustained EM rally. What’s really needed is a better global growth story and we are far from it.
3. Currency Forecasts. Forecasts for major and emerging market currencies through Q3 2020.
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