As most EM sovereign debt trading takes a day off to recover from the recent sell-off, with the US Columbus Day holiday, we take a look at the performance of sovereign currency bonds during this period and identify the winners and losers (mainly lose...

Economy expands well above 8.5% y/y consensus forecast. Growth of 0.8% m/m takes activity series to new post-pandemic high. But activity remains 2.4% below pre-pandemic level of July 2019. Manufacturing, utilities, and commerce activity sit above pre...

Jobs total is not now far from pre-pandemic level, but base of comparison is low. Some 18.8% of the employed actively searched for more work.

Four ministers and four other officials send Fernandez resignation letters to pressure Fernandez into full cabinet reshuffle. Fernandez can reject their resignation if he wants to keep the status quo. Kirchner faction is after EconMin Guzman, Fernand...

The emerging market e-commerce companies known as the Baby Amazons are one of the success stories of the pandemic era. We have a Buy recommendation on Jumia with a target price of US$42. Comparing these three companies in terms of EV/Sales and EV/GMV...