Emerging markets continue to surprise on the upside - Mads Koefoed, Saxo Bank Head of Macro Strategy

Emerging markets continue to surprise on the upside - Mads Koefoed, Saxo Bank Head of Macro Strategy. Emerging market economies delivered positive surprises in February, while data was mixed in the G10 according to Citigroup's emerging market index of economic surprises. Weakness in the US dragged the G10 index below zero for the first time in nine months, says Saxo Bank's Mads Koefoed. Meanwhile, China is in early stages of rebalancing its economy to encourage consumption and while this may dampen growth this decade, results have held up well against expectations this year.