Prices: Increased instability and emerging markets still resilient

On 16 July, Chris Kushlis, Chief Macro strategist for the Plessy Emerging Markets, indicated that the overall outlook for emerging markets remained positive despite rising geopolitical uncertainty. Robust underlying factors, falling inflation and higher rates of return continue to support emerging market assets, even if investors need to face a more uncertain global environment. Markets are still concerned about the possibility of further interest rate hikes by the Fed, but in the current environment, emerging market assets are more likely to record a mild increase than a full-blown shift in risk。