Summary
- The equity rally has moved to China and Emerging Markets, which have outperformed since Mid April.
- Supportive policy measures in China aimed at stabilizing the housing market came in earlier than expected.
- Emerging Markets equity remain relatively cheap compared to developed markets.
Actionable ideas
- Emerging Markets equities
The outlook for emerging markets equities is positive as these economies should continue to grow faster compared to the developed markets.
- Asia equities
Asia may offer a diversified range of opportunities with interesting stories for example in India, Indonesia and Korea.
Key Dates
29 May CPI: Germany, Australia |
30 May US GDP, EZ unemployment |
31 May GDP: France, Italy, India, Canada |