New Year Beckons With Emerging Markets Cool on Trade, Politics
- Ensemble Capital sees global economic recovery, weaker dollar
- U.S. unlikely to impose a meaningful tariff hike: Goldman
This article is for subscribers only.
Emerging markets are headed into 2020 on a high note even if the U.S.-China trade talks remain a nagging risk for investors.
With the new decade looming, the average yield on developing-nation local-currency bonds is close to an all-time low of 4.12%, while stocks and currencies are at their highest levels since June 2018, underscoring how expectations Washington and Beijing will sign a phase-one trade deal in early January are lifting global sentiment.