Epstein Secrets

licy likely to continue to be a compromise over the next couple of meetings, the best Norges Bank can hope for currently is that the correction in Brent crude lower will extend and weigh the NOK down. Near-term, and dependent on crude consolidating above/around $100/barrel, the re-assessment of the

e status EFTA01464452 quo election result should sponsor portfolio rebalancing towards Malaysia. Equities have considerable scope to catch up to ASEAN peers, where valuations are now unattractive. IPOs should resume in force and could attract offshore interest. Bond allocations should pick up as

Commodities • Commodities were flat on the week as the gains in industrial metals were offset by a fall in agriculture. Month-to-date, front month Brent futures have weakened by around S5/bbl, trading around $107/bbl and are almost flat in the last week. The weak demand in the physical North Sea crud

h a good margin. Although presidential candidate Prabowo will likely contest these results, our strategists dismiss any constitutional intervention (ASEAN Equity Strategy, A. Srinath et al., Jul 13). We remain positive on the prospects of improved governance and structural reforms which should give a

re 70). Turkey along with India has the highest sensitivity to lower oil prices of any of the global equity markets in our view (Figure 71), so if Brent does finally move to a lower level in 2014, that would provide additional justification to overweight the market. Political factors have clearly e

ted in GDP and credit ratings upgrades over 2013, a unique combination within the GEM universe. Consequently, the Philippines stands out among the ASEAN equity markets as having received consistently high inflows of foreign money over the past two years, a point which is nicely illustrated by the nu