Over the last three months and from the lows set back in early February, the Emerging Money Country Allocator Index (EMCAI) has outperformed the benchmark MSCI.
While printing 74K on Non-Farm Payroll report (NFP) today in the U.S. gives a temporary momentum boost to flagging spirits in emerging markets, it is not worth discussing other than in the context of what is moving markets today.
Global markets fell on continued panic stemming from the euro zone, as estimates of how much a Greek exit would cost have reached more than a billion dollars and concerns over Spain’s region of Catalonia came to the forefront of the conversation. Although Europe looks increasingly worrisome, other markets like Vietnam and Brazil may be picking up.
Global markets experienced another down day as woes over the euro zone crisis multiply. Today, we’ll look into a possible downgrade of Spanish banks, BRIC bear markets, and Colombian political violence.
Global markets continued to slide to the downside on, you guessed it, concerns over the economic future of Europe. As well, in-line earnings from MercadoLibre saw one of the darlings of emerging markets drop precipitously.
American markets tumbled on the back of disappointing jobs data, a gloomy growth outlook, and nervousness going into European elections this weekend.