It is still very fragile, i remain very cautious regarding this rally as there is no fundamental reason behind it. Guillaume Tresca More Quotes by Guillaume Tresca More Quotes From Guillaume Tresca The latest batch of data from Europe was quite good, especially from Germany, so it's not really a surprise to see some acceleration of growth in Poland, Hungary and the Czech Republic, finally, maybe EM growth is slightly improving. Guillaume Tresca company-news There could be some repricing but less than before. We don't expect a big sell off, we expect some slight, gradual depreciation, in addition, oil prices are still quite high at around $50 a dollar - it's not like in January or February when the pressure on EM was really strong. Guillaume Tresca company-news There is a strong fear of a depegging of the riyal, and these fears have increased with the decline of oil prices, the market is pricing in a depreciation of about 3 to 4 percent. Guillaume Tresca company-news The pressure on emerging markets is still pretty strong. Guillaume Tresca company-news
