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J. Safra Sarasin: Higher oil prices no longer bode well for EMs?

Higher oil prices are not necessarily supportive of emerging markets, according to J. Safra Sarasin, which points out the previously close relationship between oil price movement and EM financial market performance has broken down in recent weeks. Brent climbed to a four-year high of US$80 in mid-May, from US$67 early this year, while the MSCI Emerging Markets Index has fallen…

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