Russia’s currency briefly surpassed the Ukrainian Hryvnia as the world’s worst performing currency year-to-date this week, but it isn’t clear whether the ruble is undervalued.
Stock markets across Asia may have taken the recent market rout on the chin, but that’s left them well-poised for a solid year-end rally, Goldman Sachs said.
…A rally, is the historic pattern. Markets have typically handicapped Fed rhetoric to be more dovish into the meeting or have been successfully guided down in their expectations from the Fed thus also setting a glide path into a 2pm announcement on Fed Day.
We continue to favor fertilizer space on recovering demand – and the old adage, “you can delay but you can’t deny fertilizer applications.”
We introduce our Emerging Money Brazil Index (EMBRZ) which is an index of 20 stocks that give investors more balanced exposure to Brazil than they would get from an investment in the EWZ or other MSCI linked indices….