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China Isn't the Only BRICS Member You Should Watch

China Isn't the Only BRICS Member You Should Watch

John Kicklighter, Chief Strategist

Talking Points:

  • The BRICS represent Brazil, Russia, India, China and South Africa
  • This group is a majority of the EM group and 20% of world GDP with $4.3 trillion in FX reserves
  • China is a global growth and financial powerhouse while Brazil, South Africa and Russia have a key commodity factor

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Emerging markets' growth and financial health have regularly tallied in the top tier of global market risks. That being said, the BRICS represents a bigger, more concentrated view of that exposure. The association of Brazil, Russia, India, China and South Africa represent (B.R.I.C.S.) represents nearly one-fifth of global GDP, approximately 40 percent of the world's population and a cumulative $4.3 trillion in foreign exchange reserves - capacity to intervene and distort exchange rates and credit markets. The influence of this group is tremendous, but their individual positions are unique until themselves. We discuss the group's implications to global markets, the unique breakdown amongst them, and the key technical patterns and event risk to watch among their currencies in today's Strategy Video.

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