Morgan Stanley Lists 9 Surprises That Could Jar Emerging Markets
- Strategists see another emerging-markets friendly year ahead
- Weak EM bond returns will be a surprise, Morgan Stanley says
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Morgan Stanley sees another good year ahead for emerging markets as the Federal Reserve cuts interest rates and the U.S. economy avoids a hard landing. But don’t expect it to be plain sailing, strategists led by James Lord wrote in a note.
After three weeks of client meetings, here are the nine surprises — be they good or bad — that threaten to jolt markets in 2024, the strategists said.