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While the world was fretting last week about the poor data from the People’s Republic of China, observers like Goldman Sachs emerging market guru Jim O’Neill were heartened by the potential confirmation of a necessary change in the Chinese economy’s (FXI, quote) composition.
The “dogs of the Dow” approach is well known in U.S. large-cap investing, but global traders can find endless ideas picking through the wreckage of the worst-performing emerging market ETFs as well. At the moment, the Global X China Materials fund (CHIM, quote) qualifies as the dirtiest dog at the table.
With Facebook moving toward its long-awaited IPO, global social media shares have been rising. Trading the Globe primetime specials are back, so what better trade to talk about? Tune in Friday and see!
Global markets continued their slide as investors digested more negative news out of Greece in spite of measures introduced by the Chinese government to stimulate the economy. Today, we discuss the prospect of a Greek exit from the euro, Baidu’s move into the smartphone market, and the no-good-very-bad month for casino stocks.
Emerging markets saw the largest weekly decline since November last week on softer than expected economic news out of China and a political impasse in Greece that could result in the country leaving the European Union.
Singapore Airlines reported its first quarterly loss in more than two years this week on the back of higher fuel costs, weak demand from Europe, and increased competition from rapidly expanding Middle Eastern carriers.
The standard advice for U.S. traders looking to play the emerging markets is to trust that companies that have already established themselves in the developed world will keep expanding their reach. But the most recognized brand in the world has a few twists just for emerging markets portfolios.
