Goldman Sachs sees ‘modest’ emerging market rebound in 2019 By Reuters

© Reuters. The Goldman Sachs logo is displayed on a post above the floor of the New York Stock Exchange

© Reuters. The Goldman Sachs logo is displayed on a post above the floor of the New York Stock Exchange

LONDON (Reuters) – Investment bank Goldman Sachs (NYSE:) said on Tuesday that it expected emerging market shares, currencies and bonds to see a modest rebound next year.

“We expect modest positive returns across the major EM indices next year, albeit with low risk-adjusted returns,” analysts at Goldman said in a 2019 outlook report.

They forecast that emerging market equities would see the biggest rise at 12 percent in dollar terms, while EM currencies should appreciate by around 2 percent on average due to economic improvements and a modestly weaker U.S. dollar.

On local currency bonds they added that closely tracked GBI-EM debt index to provide around 10 percent returns on an “unhedged” basis and including “duration effects”.

MSCI’s 24-country EM stocks index () is down 16 percent in 2018 so far.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link


Please enter your comment!
Please enter your name here