Weekly Market Directions 20th November 2023

Monday 20 November 2023

Market News

(Wk 13 November - 17 November)
ASIA IN FOCUS AFTER THE BIDEN-XI SUMMIT

Superpower competition will continue to drive divergences in EM, favouring countries that will be at the centre of new supply chain routes.
India will benefit as domestic demand and investments pick up and also because of enduring trends like demographics.
A pause in US monetary policy tightening and the rate cuts that the Fed is expected to deliver in 2024 should support EM assets ahead.