Sterling rebound

The US is in the midst of regime change. We are still waiting to see how much of his 100-day plan US President Donald Trump will - or can - put into effect, but fiscal stimulus and spending plans on the scale proposed could be transformative.

2016 saw several blow-ups for large drug companies

The US Presidential Election has thrown up both challenges and opportunities for emerging market debt investors. Dollar strength and rising US interest rates are likely to put pressure on parts of the market.

Still lower than other developed markets

Subject to strict EU regulation

Rapid improvement on 2016

Politics at the fore

Two-year long Brexit negotiations ahead

EMs in 'far better shape'