Goldman’s upbeat call on emerging markets faces trial by data

Bank Negara Malaysia will probably keep borrowing costs unchanged on Tuesday in its last meeting of the year.

DUBAI/ SINGAPORE/ SAO PAULO: If signs of a recovery in industrial activity are the next piece of evidence needed to confirm the recent rally in emerging markets is more than a passing phase, then the next five days could prove to be pivotal.

No fewer than nine major developing nations, including Brazil, India and Russia, are scheduled to release reports on manufacturing this week, while China publishes data on trade, inflation and social financing.