Weekly Market Directions 20th November 2023
Monday 20 November 2023
(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.