Virus Peril May Make April Cruelest Month for Emerging Markets

Virus Peril May Make April Cruelest Month for Emerging Markets

Emerging markets are about to find out just how much rougher April will be for them than developed economies.. The spread between the Cboe Emerging Markets Volatility Index and the VIX gauge for U.S. stocks has widened to 1.4 percentage points from a discount of as much as 10 basis points last month.. There will be health, fiscal, and monetary policy mistakes and achievements made this coming and in future weeks.". South Korea will decide on its benchmark interest rate on Thursday, with Bloomberg Economics forecasting it will remain on hold following an emergency cut of 50 basis points in March. Inflation in Russia probably accelerated to 2.7% in March from 2.3% as the ruble declined along with oil prices.. Its central bank is also likely to use other means to defend the currency. Mexico's inflation decelerated in March, data on Tuesday are expected to show..