Citi Wealth Insights

At a post-G20 summit meeting in Buenos Aires on Saturday night, Donald Trump and Xi Jinping agreed to halt trade tariffs for 90 days to allow for further talks.

Citi is reallocating a portion of its small overweight on China to other beneficiaries of trade tensions within the region.

Given today’s Emerging Markets' (EM) valuations and comparing them with past oversold levels, Citi analysts believe that much of the correction is done.

While Citi’s Brent crude price forecast remains at $79 per barrel for Q4 2018, recent price trends warrant an assessment of what the risk of sustained higher oil prices mean for Asia.

Can EM Asia equities bounce back from market fears due to USD strength and trade risks?

Since mid-April, the USD gained nearly 20% against emerging market (EM) Asia currencies and 10% against G10 currencies.