In today’s briefing:
- Smartkarma Webinar | 2022 High-Conviction Ideas on Emerging Markets FX
- Thailand: Fall of Prayut Government Could Presage Wider Instability
- CX Daily: China Turns to Credit Easing to Kick-Start Sluggish Economy
- Rates in Asia Underperform Following the Fed Hike and Russia’s Invasion
Smartkarma Webinar | 2022 High-Conviction Ideas on Emerging Markets FX
For this Webinar, we have the pleasure of welcoming back Analyst Gautam Jain, PhD, CFA to discuss his take on the US dollar and its implications for EM currencies. Gautam will outline his broad view, the reasons behind it, how it has played out, and what to expect going forward in 2022.
The webinar will be hosted on Wednesday, 27 April 2022, 17:00 SGT/HKT.
Gautam Jain has over 20 years of experience covering global emerging fixed income markets, both as a strategist and a portfolio manager. He has worked in buy-side and sell-side firms, including The Rohatyn Group (TRG Management), Barclays Capital, and Millennium Partners. He has helped manage emerging markets local-currency and hard-currency debt funds. The assets that he covers include currencies, interest rates, sovereign credits, and related derivatives. He specialises in portfolio construction, smart-beta index creation, and asset allocation. He holds a Ph.D. in Operations Research from Columbia University and is a CFA charter holder.
Thailand: Fall of Prayut Government Could Presage Wider Instability
- There are two threats to Thai political stability. One is the infighting within the establishment, which could precipitate early elections.
- The other is a surge in protest activity as anti-establishment forces renew their push for fundamental social and political reforms.
- The risk of deeper, longer-term political instabilities arises from the deep fault lines in Thai society that the ruling establishment has avoided addressing.
CX Daily: China Turns to Credit Easing to Kick-Start Sluggish Economy
In Depth: China turns to credit easing to kick-start sluggish economy
Shanghai reverses Covid separation policy to let families stay with their infected kids for treatment
Steep contraction in services follows latest Covid wave, Caixin PMI shows
Rates in Asia Underperform Following the Fed Hike and Russia’s Invasion
- Financial markets are dominated by uncertainties being created by Russia’s invasion of Ukraine and the potential economic impact of the Fed raising rates and unwinding its balance sheet simultaneously.
- The volatility and level of rates in EM are rising with the US but with differentiation: Asia and Central Europe are underperforming, while Latin America is outperforming.
- The possibility of binary economic scenarios playing out as a result of the current uncertainties makes me pause for more clarity before making new trade recommendations.
Before it’s here, it’s on Smartkarma
