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Emerging Markets Are Awash in Confidence

  • Confidence ‘can suddenly evaporate’ without warning: Rabobank
  • Turkey and Mexico are poised to keep cutting interest rates
Cuatro Caminos Metro station in Mexico City, Mexico.

Cuatro Caminos Metro station in Mexico City, Mexico.

Photographer: Christian Rodriguez/Bloomberg

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Emerging markets head into the final full week of the first half buoyed by confidence the global liquidity rush will keep risk assets supported even as the Covid-19 pandemic shows no signs of letting up.