Brazil suddenly has the eyes of global investors, let alone EM investors.
While I’m not surprised to see the weekend press dominated by the impact of sanctions on Russian macro, I have been pretty clear in saying the Russian economy was headed for flat to slightly higher (+0.5%) GDP growth in 2014 unless the world economy demanded much greater from the commodity space.
The Deal is said to yield synergies of up to 3Bn Euros and shows the interest in European cable assets (and global cable assets).
Consolidation in the global cellular space remains a focus for all the players.
Some of the Apple (AAPL, quote) food chain names saw pop last night as China Mobile (CHL, quote) posted a notice on their website (which they later removed) they would be taking preorders for iPhones from 12th Dec. Smartphone demand is massive in China but just not sure this is the market for Apple.
Is Latin America on the mend? Earning season can be a tough time trading for anyone looking at short term position but for emerging market investors it can be time to gain insight to emerging market economies.