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We see the restart, stabilizing U.S. Treasury yields and relatively cheap valuations boosting emerging market (EM) assets after a choppy start to 2021.
U.S. stocks hit record highs and 10-year Treasury yields fell to the lowest level in more than a month. Major U.S. banks reported positive first-quarter earnings.
Purchasing managers' index (PMI) data from key developed economies this week could shed light on the state of the economic restart.