The document discusses the impact of China's currency devaluation on global markets, particularly emerging markets. It highlights the reaction of the MSCI Emerging Markets Index and the MSCI World Index to these economic changes. The document also covers the development of corporate profits in industrialized versus emerging markets, noting the pressure on emerging-market corporations' earnings since 2011.
documents/vol00010-efta01458588-pdf.pdf
{"title":"Macro Outlook - Americas Edition","key_people":["Premier Li Kegiang"],"document_date":"October 2015","document_type":"media","key_locations":["China","United States","Asia"],"key_organizations":["China's central bank","MSCI Emerging Markets Index","MSCI World Index","Thomson Reuters Datastream","IBES"],"reference_numbers":["DB-SDNY-0118567","SDNY_GM_00264751","EFTA01458588"]}