The mini MSCI Emerging Markets (EM) Index futures contract pared its losses to close down 3.23%, and is up by 1.04% in early Thursday trading. After falling as much as 7% in the immediate aftermath of the vote, the mini MSCI Emerging Markets (EM) Index futures contract pared its losses to close down 3.23%, and is up by 1.04% in early Thursday trading. “The MSCI EM mini contract is not getting any support from the rally in US stocks,” said Neil Dutta, head of US economics at Renaissance Macro Research LLC. “This is the Trump trade in action. In a note published on Wednesday, for instance, Citigroup analysts argued that risk premiums for emerging markets have “just gone up” in the aftermath of Trump’s win.

Source: Mint November 10, 2016 10:04 UTC