2023年4月7日
新興国資金流入、3月は年初来低水準 中国は3カ月連続で増加
英語の概要です。日本語版は順次追加しています。
Fortun discusses investors' more cautious approach to emerging-market assets as the early-year rally lost momentum.
詳細を見る研究・掲載記事を検索
研究から広がる視点と考察。
主な各カテゴリーの最近の掲載分から、日本語の概要を追加しています。原典のタイトルは原語のまま掲載し、未翻訳の概要は英語で表示します。
922 件
2023年4月6日IIF
IIF Capital Flows Tracker: April 2023
英語の概要です。日本語版は順次追加しています。
Chinese equities accounted for more than the entire emerging market equity inflow in March 2023. Jonathan Fortun reports $9.4 billion in total portfolio inflows, split between $6.8 billion in equities and $2.6 billion in debt. China’s $7.2 billion equity intake implies offsetting withdrawals elsewhere, revealing uneven participation in the recovery.
論文を読む2023年3月30日IIF
Global Macro Views: The End of Russia’s Energy Windfall
英語の概要です。日本語版は順次追加しています。
Russia’s exceptional external surplus was fading by early 2023 after an estimated $215 billion energy windfall since mid 2021. Robin Brooks, Jonathan Fortun and Jonathan Pingle attribute part of the reversal to the EU oil embargo and G7 price cap. Their March assessment also warns that an expanding tanker fleet outside the cap could weaken its reach.
論文を読む2023年3月16日IIF
Global Macro Views: The US Inflation Data Fog
英語の概要です。日本語版は順次追加しています。
US inflation signals pointed in conflicting directions in March 2023. Robin Brooks, Jonathan Fortun and Jonathan Pingle find continued pressure in underlying services inflation alongside a retreat in the breadth of price increases. Their assessment rejects both a clear slowdown and an uncontrolled acceleration, supporting a cautious 25 basis point rate increase at the following Federal Reserve meeting.
論文を読む2023年3月9日
Fluxos para mercados emergentes seguiram fortes em fevereiro, aponta IIF
英語の概要です。日本語版は順次追加しています。
Fortun warns that restrictive Federal Reserve and European Central Bank policy could slow emerging-market inflows and increase demand for dollar hedges.
詳細を見る2023年2月16日IIF
Global Macro Views: A Brief History of US Inflation
英語の概要です。日本語版は順次追加しています。
A century of US inflation reveals lower volatility without a clear downward trend in its level. Robin Brooks, Jonathan Fortun and Jonathan Pingle examine major inflation surges associated with oil shocks, wars and fiscal expansions. Their February 2023 review notes that earlier spikes generally faded within a few years, sometimes without Federal Reserve rate increases.
論文を読む2023年2月16日
新興国資金流入、１月は過去2年で最大＝ＩＩＦ
英語の概要です。日本語版は順次追加しています。
Fortun links the strong January rebound in emerging-market portfolio inflows to slower interest-rate increases and improved prospects for new bond issuance, alongside renewed demand for Chinese equities.
詳細を見る2023年2月15日
January flows to emerging markets largest in two years - IIF
英語の概要です。日本語版は順次追加しています。
Rodrigo Campos reports for Reuters on January 2023's surge in emerging market investment, led by record debt inflows outside China. Jonathan Fortun explains how expectations of slower rate increases and a better outlook reopened access to new borrowing. China's reopening supported equities, but continued Chinese debt outflows and persistent US inflation qualified the recovery.
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