Related: Emerging Markets Multi-Sector Bond Outlook
Mona Mahajan, investment strategist at Allianz Global Investors, also contended that the summer volatility in developing country assets can only last so long, projecting the weaknesss to ease before the November elections and pointing to positive signs on trade with Mexico.
“President Trump and the administration want to get some wins prior to midterms,” Mahajan told Bloomberg TV.
However, there is a chance that Trump may double down on his aggressive approach and escalate his push for higher tariffs, John Normand, JPMorgan Chase & Co.’s head of cross-asset fundamental strategy, warned.
For more information on the developing economies, visit our emerging markets category.