Higher US Inflation Print Hurts Investor Appetite for EM: Lucror
2022-09-14 03:18:43.987 GMT
By Finbarr Flynn
(Bloomberg) -- The higher US inflation reading “will diminish investor appetite for EM exposure” at the margin and delay a recovery in the corporate bond market, according to Charles Macgregor, head of Asia at Lucror Analytics.
“The major driver for Asian HY will be the strength, or otherwise, of the Chinese economy,” Macgregor wrote in emailed comments
“The continuous Covid shutdowns will hamper economic growth, especially in the important property and construction sector”