EM Preview: the week ahead in EM's  - BBH

EM Preview for the Week Ahead 

Key Quotes:

"EM ended last week on a firm note, despite the stronger than expected July jobs report.  As we suspected, one strong US data point is not yet enough to derail the dovish Fed outlook.  With the RBA and BOE cutting last week and the RBNZ expected to cut this week, the global liquidity backdrop remains supportive for EM and risk.

Looking at individual country risk, we note that investors must remain discerning.  We think Turkey and South Africa fundamentals remain poor even as political risk remains heightened.  China data this week is expected to be benign for markets.  The central banks of Chile, Mexico, Peru, India, Korea, and the Philippines all meet.  None are expected to move on rates."