China: Corporate bond defaults have become the new normal.
Asia-Pacific: South Korea’s November report on trade showed no indication of a meaningful rebound in exports.
However, the manufacturing PMI index shows signs of stabilization.
United States: Morgan Stanley’s CapEx expectations index keeps deteriorating.
Emerging Markets: Latin American currencies have underperformed this year amidst political turmoil. However, the Mexican peso performed better than regional peers versus the US dollar.
Rates: The map below shows the target inflation rates set by central banks around the world.
Food for Thought: Broadband and cellular service costs by country:
Edited by Daniel Moskovits
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