Venezuela’s currency devaluation will impact global and regional companies that the market may not have yet priced in.
The middle class in emerging markets is buying more and more appliances. Look no further than Latin America, and Brazil in particular — where producers and retailers of small to medium sized appliances are booming.
The Central Bank of Peru announced last week that it will probably raise the limit on pension fund investments in foreign securities by the end of the year. Funds have approached the current limit of 30% on roughly $35 billion in assets as strong economic growth and regional integration increased assets.
The Mexican economy is benefiting from a manufacturing renaissance, thanks in part to cheap labor allowing the country to challenge China’s hold on the global export business.