The Prospects For Emerging Markets

Key points We see room for a further recovery in emerging market (EM) assets, particularly equities, after an unexpectedly prolonged selloff. The Fed raised rates last week, and Italy released a draft budget that was more expansionary than expected. Brent crude hit a four-year high. Polls suggest Brazil’s election on Sunday will result in a…

Refugees Fleeing To Spain Surpass Italy And Greece

As official action seeks to address the flood of refugees into Greece and Italy bite, the pressure has been deflected to Spain. According to the UN High Commissioner for Refugees, 24k undocumented refugees have entered Spain this year. There were 28.4k all of last year. Refugees going to Italy, by contrast, have fallen to about…