BlackRock: Emerging Market Assets, Especially Stocks, Set To Rise In Fourth Quarter

Ted

FYI: Emerging market assets, especially equities, are poised to rebound in the fourth quarter from a steep selloff earlier this year, BlackRock said on Tuesday, adding that it favors emerging market hard currency over local currency debt.
Regards,
Ted
https://www.reuters.com/article/us-emerging-markets-blackrock/blackrock-emerging-market-assets-especially-stocks-set-to-rise-in-fourth-quarter-idUSKCN1MC1N9

Rbrt

Jurrien Timmer has been posting an interesting chart on Twitter that concerns EM:
https://twitter.com/timmerfidelity/status/1045381216080474120?s=21

What do they mean by “hard currency “. Is that US dollar denominated?

Crash

What do they mean by “hard currency “. Is that US dollar denominated?
Yes, USD. I suspect sterling and euro, too. I might get corrected about the euro-bonds.