Emerging markets look steady despite Covid-19 cases still climbing
JPMorgan Chase’s measure of implied volatility for currencies has declined for the past five weeks
01 June 2020 - 16:47
Singapore/Cape Town — Emerging markets are taking heart from the reopening of virus-battered economies around the world, while the rate of infections in some countries shows little sign of easing.
Developing-nation stocks and bonds rose for a second month in May and currencies were steady as investors drew comfort from government and central-bank stimulus efforts and optimism a coronavirus vaccine will eventually be developed. JPMorgan Chase’s measure of implied volatility for currencies has declined for the past five weeks, the longest streak in 2020...
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