A new year, a new hope. As markets returned from their
Christmas slumber, the world looked a very different place from
just twelve months earlier.
Long gone were the fears of last January, when Europe's debt
woes still threatened to blow a hole in global financial
markets. The euro has remained intact, with Greece still in the
club. That other perennial fear - of a Chinese economic hard
landing - looks, for now, overdone. And for all the talk of a
US fiscal cliff, in the end no one fell off it.
Emerging capital markets are already reaping the rewards of
improving global sentiment. Perhaps nothing better exemplified
the mood in Latin America's markets at the start of the year
than Mexico's opening of its 2044 benchmark bond.
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.