Emerging Markets Stocks, Bonds, & Currencies

Market Briefing: Emerging Markets Stocks, Bonds, & Currencies

Yardeni Research, Inc.

February 9, 2022

Dr. Edward Yardeni

516-972-7683 eyardeni@

Joe Abbott

732-497-5306 jabbott@

Mali Quintana

480-664-1333 aquintana@

Please visit our sites at blog.

thinking outside the box

Table Of Contents Table Of Contents

EM MSCI In Dollars & Local Currencies Stock Markets: Americas Stock Markets: Asia Stock Markets US$ Forex Rates: Americas US$ Forex Rates: Asia Fragile Five Emerging Markets Bond Yields

1 2-3 4-7 8-9 10 11 12-13 14-15

February 9, 2022 / Emerging Markets Stocks, Bonds, & Currencies

Yardeni Research, Inc.



EM MSCI In Dollars & Local Currencies

Figure 1.

1600

EMERGING MARKETS MSCI STOCK PRICE INDEXES

1400

2/9

1200

Local Currency

2/9

US Dollars 1000

100000 80000 60000

800 40000

600

20000 400



200

0

95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Source: MSCI.

Figure 2.

2000

EMERGING MARKETS MSCI CURRENCY INDEX* (US$)

1500

2000 2/9

1500

1000

1000



500

500

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

* Includes Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Russia, South Africa, Taiwan, Thailand, Turkey, and United Arab Emirates. Source: MSCI.

Page 1 / February 9, 2022 / Emerging Markets Stocks, Bonds, & Currencies

Yardeni Research, Inc.



Stock Markets: Americas

Figure 3.

6500

EM LATIN AMERICA MSCI 5500 (US$)

ARGENTINA MSCI

4500

3500

2500

2/9

1500

5000

4000

3000

2/9

2000

1000

500 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

5000

BRAZIL MSCI

4000

3000

0 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

3000

CHILE MSCI

2000

2000 2/9

1000

2/9

1000

0 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

8000

MEXICO MSCI

0 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

2000

PERU MSCI

6000 2/9

4000

2/9

1500

1000

2000

0 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 200-day moving average Source: Morgan Stanley Capital International and Haver Analytics.

500

0

06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Page 2 / February 9, 2022 / Emerging Markets Stocks, Bonds, & Currencies

Yardeni Research, Inc.



Stock Markets: Americas

Figure 4.

12000

EM LATIN AMERICA MSCI 10000 (local currencies)

8000

ARGENTINA MSCI

2/9

40000 30000

6000 4000 2000

20000 2/9

10000

0 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

450000

BRAZIL MSCI

400000

350000 2/9

300000

250000

200000

150000

100000

50000 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

60000

MEXICO MSCI

50000

2/9

40000

30000

20000

10000 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

200-day moving average Source: Morgan Stanley Capital International and Haver Analytics.

0 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

7000

CHILE MSCI

6000

5000

2/9

4000

3000

2000

1000 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

4000

PERU MSCI

3000 2/9

2000

1000

0

06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Page 3 / February 9, 2022 / Emerging Markets Stocks, Bonds, & Currencies

Yardeni Research, Inc.



Stock Markets: Asia

Figure 5.

900

EM ASIA MSCI 800 (US$)

700 2/9

600

500

400

300

200

100 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

15000

HONG KONG MSCI

2/9

10000

140

CHINA MSCI

120

100

2/9

80

60

40

20

0 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

SINGAPORE MSCI

700

600 2/9

500

400

5000

300

200

0 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

800

SOUTH KOREA MSCI

100 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

200-day moving average

SoTuArceIW: MAorNganMSStaCnleIy

Capital

International

and

Haver

Analytics. 2/9

800

600

2/9

600

400

400

200

0 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

200

0

06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Page 4 / February 9, 2022 / Emerging Markets Stocks, Bonds, & Currencies

Yardeni Research, Inc.



Stock Markets: Asia

Figure 6.

1400

EM ASIA MSCI 1200 (local currencies)

1000

800

600

400

CHINA MSCI

2/9

140

120

100

2/9

80

60

40

20

200 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

20000

HONG KONG MSCI

18000 2/9

16000

14000

12000

10000

8000

6000

4000 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

0 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

500

SINGAPORE MSCI

400 2/9

300

200

100 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

1200

SOUTH KOREA MSCI

1000 2/9

800

600

400

200

0 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 200-day moving average Source: Morgan Stanley Capital International and Haver Analytics.

TAIWAN MSCI

800

2/9

700

600

500

400

300

200

100

06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Page 5 / February 9, 2022 / Emerging Markets Stocks, Bonds, & Currencies

Yardeni Research, Inc.



Figure 7.

1200

INDONESIA MSCI (US$)

1000

800

600

400

200

Stock Markets: Asia

THE PHILIPPINES MSCI

2/9

700 600 2/9 500 400 300 200 100

0 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

600

MALAYSIA MSCI

500

0 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

1000

INDIA MSCI

2/9 800

400

600

300

2/9

400

200

200

100 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

600

THAILAND MSCI

500

400

2/9

300

200

100

0 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

200-day moving average Source: Morgan Stanley Capital International and Haver Analytics.

0 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

250

PAKISTAN MSCI

200

150

100

50 2/9

0 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Page 6 / February 9, 2022 / Emerging Markets Stocks, Bonds, & Currencies

Yardeni Research, Inc.



 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download