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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.
Former Morgan Stanley chairman and Yale University lecturer Stephen Roach has opined in the Financial Times on ten reasons why China will continue to prosper.
Vladimir Putin will be inaugurated for his third term as Russia’s president today, and with typical grandiosity has declared a national holiday in his own honor. Looking at the Kremlin’s pomp and circumstance, it would be easy to forget that the mass protests in the streets of Russia last winter ever happened.
Chinese technology companies have been sailing in rough waters, with search company Sohu.com (SOHU, quote) and gaming company Changyou.com (CYOU, quote) dropping in value after questionable first-quarter results.
In March, the number of mobile phone subscribers of Chinese telecommunications firms topped 1 billion for the first time, according to Brian White of Topeka Capital.
Markets worldwide surged on the back of Apple’s outstanding earnings on Tuesday night. We’ll take a look at those earnings, specifically China’s growing influence on Apple’s bottom line, as well as mixed news out of Europe.
Investors who profit the most do so by “getting in early and staying late” no matter what the asset class, and this is as true for emerging market stocks as it is for real estate and vintage automobiles.
