The nascent rebound from a two-year low in emerging-market stocks is faltering on concern the Federal Reserve and other global policy makers will fail to orchestrate a soft landing for the world economy. “It’s too early to say this is the bottom — too early to say the only way is up,” said Wei Li, global chief investment strategist at BlackRock Inc. “We need to see a dovish pivot from the Fed” before buying-the-dip returns, she said.
Most vulnerable Developing countries, where consumers generally have lower disposable incomes and are more affected by surging prices, are grappling with multiple headwinds caused by soaring energy and commodity costs, supply-chain issues as well as slower growth in the developed world. This is worsening the outlook for company earnings, especially for retailers and consumer-facing staples.
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