EMerging Equity
$MXN
Mexico, Colombia Join The “Fragile Five”
Mexico and Colombia have now joined the “fragile five” grouping of emerging market (EM) economies, replacing India and Brazil, according to JPMorgan, the Financial Times (FT) reports. The two Latin American nations will now join Turkey, South Africa, and Indonesia to form the group of EM countries seen as the most overdependent on volatile foreign investment flows. In August 2013, as … Continue reading
Latin American Currencies In ‘Eye Of Storm’, Could Fall 10% In Coming Weeks, SocGen Warns
Latin American currencies are in the ‘eye of the storm’ as currencies of Brazil, Mexico, and Chile could fall as much as 10 percent in the next few weeks amid tumbling commodity prices, growth concerns in China, renewed Fed fears, and a deterioration of domestic fundamentals, Societe Generale (SocGen) said in a bearish report published on Tuesday. SocGen is advising … Continue reading
85% Of Mexicans Don’t Trust President Peña Nieto, Survey Shows
A survey by an independent polling agency, GEA Group, that was released on Saturday shows that Mexican President Enrique Peña Nieto’s legitimacy rating has fallen sharply over the past months, according to a report from TeleSur. According to the survey from GEA Group, 85 percent of Mexican citizens don’t trust their President, whom has been ensnarled in … Continue reading
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