China's more pragmatic 'zero-Covid' inevitably spikes infections: witness lockdown in Zhengzhou and Foxconn factory riot. Reminder of China's deep links with global supply chain, particularly top alternative manufacturing location Vietnam. 'China +1'...

President Tokayev wins unsurprisingly, with 81% of the vote, amid 69% turnout. He is limited to one term of seven years. Higher public spend on wages, pensions, healthcare, education likely: affordable given post-Covid fiscal deficit of 1-2%. MSCI Ka...

Tokayev certain to win with backing of all major parties, opponents have limited credibility. Campaign uneventful so far, president's reform programme dominates agenda. Post-election developments will really test Tokayev's commitment to democratisati...

Amid overall gloomy outlook, updated forecasts for 2023 imply bigger gap between faster-growth EM and slower-growth DM. In Large EM, India and Indonesia, and in Small EM, Bangladesh, Kenya, Philippines and Vietnam stand out for fast growth. Rare unch...

100k barrels per day supply cut is small but a signal of intent after the oil price drop of c15% since end July. Compounds the issues of 1.6mbpd of under-production versus quota in August and under 2mbpd of spare Saudi-UAE capacity. We scan EM for ne...

Regional sovereign Eurobond market: Risk sentiments toward regional Eurobonds improved in July-22. AZERB 24 was the best performer of the month, followed by GEORGIA 26 among regional sovereign Eurobonds, with yields narrowing by 115.6bps and 78.2bps....