Emerging Markets Likely to Benefit Later in 2014

Emerging markets are likely to benefit later in the year from stronger growth in the United States and Europe despite the current cloud cast by slowing economic growth in China and geopolitical risks elsewhere, according to the April Global Macro Views report from Standish Mellon Asset Management Company LLC, the Boston-based fixed income manager for BNY Mellon.  "In the U.S., we are beginning to see tentative signs of a pickup in economic data following a harsh winter," said Thomas D. Higgins, chief economist and chief global strategist for Standish.  "In the euro zone, we have become slightly more optimistic given declining sovereign spreads in peripheral Europe and the possible freeing up of bank capital later this year after the European Central Bank's asset quality review."

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-Igor P Purlantov