From Hormuz to the Red Sea: The Global Supply Chain Comes Under Siege
Wars rarely remain confined to the battlefield where they begin. They evolve, adapt and seek new points of pressure. What started as a confrontation over...
Tag: emerging market
The Next Inflation Shock May Come from Farms, Not Oil
Financial markets have become obsessed with oil. Every escalation in the Middle East immediately triggers the same sequence: crude prices rise, inflation expectations rise, bond...
When Markets Lose Trust
Emerging markets have always been associated with higher volatility. Investors accept political uncertainty, weaker institutions and more pronounced economic cycles in exchange for stronger long-term...
Turkey’s Market Status Is Becoming a Strategic Risk
For years, Turkey has occupied a unique position within emerging markets. It combined the dynamism of a large economy with deep and liquid capital markets,...
The Price of Peace
Markets celebrated the announcement of the interim agreement between the United States and Iran as though geopolitical risk had suddenly disappeared. Investors immediately priced the...
India Begins Defending the Rupee as the Emerging-Market Stress Cycle Returns
For years, India represented the favourite emerging-market story of global investors. Strong growth. Structural reforms. Digitalisation. Expanding middle class. Geopolitical neutrality. Demographic power. Now the...
The Funeral of Easy Yield
For income-hungry investors, the age of lazy, state-sponsored abundance is drawing to an unceremonious close. For years, one could be handsomely paid for doing precisely...
Trump Builds Tariff Walls, Xi Sells Through the Windows
President Xi Jinping’s export machine has ploughed through five months of Trump’s eye-watering tariffs and somehow still delivered a record $1.2 trillion trade surplus. Restrict...
The Great Emerging Market Bond Rush
Yield-hungry investors are once again fuelling a borrowing bonanza across developing nations, prompting a record surge in hard currency bond issuance, all in a mad...