A Rally in Need of Help: Emerging Markets Look for Salvation

A Rally in Need of Help: Emerging Markets Look for Salvation

Whether emerging markets extend last week's across-the-board gains will likely depend on what the so-called guardians of the global economy do to save them from the worst of the coronavirus.. The Reserve Bank of India is scheduled to release on Monday the minutes for its emergency meeting on March 27.. The monetary authority reduced the benchmark repurchase rate by 75 basis points to 4.40% and announced steps to boost liquidity in a stimulus worth 3.2% of gross domestic product. Industrial-production data for March are also due and are expected to show a 7% contraction, while retail sales probably fell 10%.. Malaysia reports industrial production for February on Monday.. Colombian retail sales for February, to be published on Wednesday, may flag the effects of a lockdown.. Inflation figures for March, released on Wednesday, will provide the first indication of the effects of the country's lockdown..