Economics
EM Investors Too Wary of Trade and Local Risks to Buy the Dip
- Carry trade measure retreats below its 200-day moving average
- ‘Caution is warranted’ despite buying opportunities: Fidelity
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Investors aren’t rushing to buy the dip as U.S.-China trade tensions escalate.
The results of India’s elections are due this week, South Africa will decide on interest rates and Argentinian investors will be able to react to Cristina Fernandez de Kirchner’s surprise decision to run as a vice-presidential candidate, potentially adding volatility to an asset class already famed for its erratic behavior.