Risks Abound in Emerging Markets as Traders Grapple With Shocks

Risks Abound in Emerging Markets as Traders Grapple With Shocks

If the first week of the month is anything to go by, the sell-in-May mantra looks set to continue in emerging markets.. The experience with the opening up in China implies caution for risk appetite in the rest of emerging markets.". Mexico's central bank will probably cut interest rates by a further 50 basis points on Thursday as the pandemic's impact deepens.. Egypt's central bank will likely hold interest rates unchanged after it saw $14 billion of capital outflows in March, when it slashed borrowing costs by the most ever. China is scheduled to report inflation and producer price index data for April on Tuesday, while industrial production and retail sales figures are due Friday. The two leaders -- now in the opposition -- said the current government led by Prime Minister Muhyiddin Yassin isn't the choice of voters and doesn't have a mandate to rule. India will release inflation and industrial production reports on Tuesday, and trade figures on Friday.