Goldilocks year awaits emerging markets defying Covid-19 pandemic rout

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Emerging-market seem to have everything going for them right now, with the November rally offering a hint of what 2021 may have in store.


A plethora of tailwinds from accommodative to an impending change of U.S. president and Covid-19 vaccine progress has put the assets of developing nations on course for some impressive milestones. Bonds have wiped out their year-to-date losses, while MSCI Inc.’s currency index is poised for the best month since January 2019 as well as a second successive annual gain. The MSCI stocks gauge is on track for its best month since March 2016.



Underpinning the recovery is a resurgence in foreign-investor interest. Fourth-quarter portfolio inflows to are poised to hit the highest in eight years, data from the Institute of International Finance show. Yet, for all the euphoria, foreign positioning in bonds and equities for developing nations excluding China remains light, and Deutsche Bank AG’s Sameer Goel, says the rally is far from over.


“It’s Goldilocks for emerging markets’ under-invested assets as we go into 2021,” said Goel, the bank’s head of macro research in Singapore. They “have

VC investments in online gaming start-ups hike 114% to $376 mn in 2020

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gained speed during the lockdown phase and the month-on-month traffic is still increasing, attracting investors.


According to Venture Intelligence data, venture capital rose by around 114 per cent this year to $376 million (January to date) from $176 million in 2019 (full year). Investors say the industry presents the next multi-billion dollar opportunity for and enterprises, especially after the ban on Chinese apps.



According to reports, have risen up to 275 in 2019, which is a huge increase considering there were only 25 such in 2010.


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US Predicts ‘Vaccines Before Christmas’ As Virus Super-surge Looms

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Hopes for a first wave of vaccinations before the end of 2020 received a boost with US firm Moderna saying it was filing Monday for emergency authorization of its Covid-19 vaccine in the United States and Europe.

After top US scientists warned Americans to brace for a “surge superimposed on the surge,” Moderna reported full results had confirmed a high efficacy estimated at 94.1 percent.





The first of Moderna’s two doses could be injected into the arms of millions of Americans by the middle of December
 AFP / JOEL SAGET

It was set to join American pharmaceutical maker Pfizer and Germany’s BioNTech, which applied for similar approvals last week, and have predicted their vaccine could be greenlit in the US shortly after December 10.

If the US Food and Drug Administration agrees Moderna’s product is safe and effective, the first of the drug’s two doses could be injected into the arms of millions of Americans by the middle of December.



How Moderna's vaccine uses genetic information from SARS-CoV-2 to stimulate the body's immune response. Moderna said it would file requests for use of its vaccine in the US and Europe on November 30


How Moderna’s vaccine uses genetic information from SARS-CoV-2 to stimulate the body’s immune response. Moderna said it would file requests for use of its vaccine in the US and Europe on November 30
 AFP / John SAEKI

“We believe that

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