Emerging Markets Look to Hold the Line as U.S. Disarray Mounts

(Bloomberg) — Put aside the inevitable hit that risk assets are taking as a result of President Donald Trump’s sickness. Emerging markets can celebrate a few plus points.



a vase of flowers on a table: A worker monitors flowers in crates as they move along a conveyor belt in the warehouse at the Multiflora (PTY) Ltd. Flower Market in Johannesburg, South Africa, on Tuesday, Aug. 25, 2020. South Africa's coronavirus epidemic is on a downward curve, with new infections, hospital admissions and the positivity rate all showing declines.


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A worker monitors flowers in crates as they move along a conveyor belt in the warehouse at the Multiflora (PTY) Ltd. Flower Market in Johannesburg, South Africa, on Tuesday, Aug. 25, 2020. South Africa’s coronavirus epidemic is on a downward curve, with new infections, hospital admissions and the positivity rate all showing declines.

Staring down almost $16 trillion of negative-yielding debt worldwide, investors will continue to be drawn to the higher returns offered by emerging-market assets and the prospect of an economic recovery next year, analysts say. Developing-nation currencies are also benefiting from broad dollar weakness, with the U.S. currency still below its 200-day moving average. Trump’s diagnosis has also made it more likely Congress and the White House will

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