However, the trend might change, and international markets could do better this year than their US peers if the new Democratic president leading the largest economy in the world is successful in reentering trading agreements such as the Trans-Pacific Partnership, Traynor said.
European equities have rallied in February, fueled by positive vaccine news and strong earnings. And although many foreign developed economies are set to continue to do well this year, emerging markets could do even better, he added. That's in part due to the declining dollar, which has seen its value stumble over the past 12 months. Usually, emerging markets are known to benefit from a stable-to-declining dollar. has fallen about 9.2%. The index measures the value of the American dollar relative to a bucket of currencies and goes down when the dollar decreases in value compared to the other currencies.
Also part of the reason why emerging markets are set to outperform this year is the fact that China has been the world's winner when it comes to handling the pandemic.travel domestically without any case spikes from October 1 to October 7 while the US and Europe kept on putting up a fight against a record number of cases. major economy to have expanded in 2020, China could be a driving force for a lot of the developing economies around the world.
Large commodity exporters include Argentina, which produces soybeans; Chile with copper, South Africa as the biggest platinum exporter, and Brazil with crude oil. The
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