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Market Impact: 0.2

BlackRock cools on emerging markets, sees value in euro government debt

Emerging MarketsCredit & Bond MarketsSovereign Debt & RatingsMarket Technicals & Flows

BlackRock Investment Institute cut its bullish stance on emerging-market stocks and hard-currency debt, signaling increased caution for those exposures. At the same time, it turned more positive on euro-zone government bonds, implying relative support for developed sovereign risk versus EM hard-currency assets.

Analysis

BlackRock Investment Institute cut its bullish stance on emerging-market stocks and hard-currency debt, signaling increased caution for those exposures. At the same time, it turned more positive on euro-zone government bonds, implying relative support for developed sovereign risk versus EM hard-currency assets.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15

Ticker Sentiment

BLK-0.15

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