A man wearing a mask is seen inside the Shanghai Stock Exchange building at the Pudong financial district on February 28, 2020. Photo: Reuters A man wearing a mask is seen inside the Shanghai Stock Exchange building at the Pudong financial district on February 28, 2020. Photo: Reuters
A man wearing a mask is seen inside the Shanghai Stock Exchange building at the Pudong financial district on February 28, 2020. Photo: Reuters
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Why emerging market investors should enjoy the surge inspired by Biden and vaccines while it lasts

  • The mix of unprecedented monetary and fiscal stimulus and expectations that mass vaccination programmes will end the pandemic has sparked an extended rally
  • However, with mounting unease about speculative bubbles and asset prices reliant on bond yields staying at historic lows, investors should not get carried away

A man wearing a mask is seen inside the Shanghai Stock Exchange building at the Pudong financial district on February 28, 2020. Photo: Reuters A man wearing a mask is seen inside the Shanghai Stock Exchange building at the Pudong financial district on February 28, 2020. Photo: Reuters
A man wearing a mask is seen inside the Shanghai Stock Exchange building at the Pudong financial district on February 28, 2020. Photo: Reuters
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Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.