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Economy
In reply to the discussion: STOCK MARKET WATCH -- Wednesday, 11 February 2014 [View all]xchrom
(108,903 posts)21. Double Good News For Emerging Markets
http://www.businessinsider.com/china-yellen-boost-emerging-markets-2014-2
Suddenly people aren't worried so much about emerging markets.
Their currencies haven't been tanking lately in fact they've been quite strong, especially the Lira.
And already the story is changing.
The latest? Good news for emerging markets from both China and the US.
Here's Kit Juckes of SocGen:
It would be crazy to declare markets safe' from a return of EM fears and volatility, but the Fed Chair's testimony, the lack of major US data today, double-digit export and import growth in China in January (with all due caveats about data quality), and a calendar which will see Mark Carney try to sound dovish before Australia reports a rebound in employment tonight, doesn't seem too threatening.
Read more: http://www.businessinsider.com/china-yellen-boost-emerging-markets-2014-2#ixzz2t73r06lj
Suddenly people aren't worried so much about emerging markets.
Their currencies haven't been tanking lately in fact they've been quite strong, especially the Lira.
And already the story is changing.
The latest? Good news for emerging markets from both China and the US.
Here's Kit Juckes of SocGen:
It would be crazy to declare markets safe' from a return of EM fears and volatility, but the Fed Chair's testimony, the lack of major US data today, double-digit export and import growth in China in January (with all due caveats about data quality), and a calendar which will see Mark Carney try to sound dovish before Australia reports a rebound in employment tonight, doesn't seem too threatening.
Read more: http://www.businessinsider.com/china-yellen-boost-emerging-markets-2014-2#ixzz2t73r06lj
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