Covid-19 Business Watch
WATCH: Is the EM rally fizzling before it got out of the blocks?
Investec Wealth and Investment’s Chris Holdsworth talks to Michael Avery about the emerging-market index
04 February 2021 - 16:14
Morgan Stanley uses copper to argue that MSCI emerging-market (EM) index has achieved all its gains for the year. It points out the strong correlation between EM and the copper price.
In recent weeks, some commentators have been suggesting the copper, wheat, iron, and corn price surge of 2020 was related to yuan appreciation and Chinese stock-building — and as Yuan appreciation has largely stopped, so should the price surge in these commodities. ..
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