Emerging markets week ahead: Bernanke can’t save the markets this week
Emerging markets were set for losses of up to 3.0% last Thursday until Federal Reserve Chairman Ben Bernanke saved markets with his comments at Jackson Hole, Wyoming on Friday.
Tag Archives: India manufacturing
Indian economy: you want the good news or the bad news?
The Indian economy (INDY, quote) received both good and bad news this week when its Purchasing Manager’s Index and import/export numbers were released. Considering the pervasive negativity surrounding the Indian economy (EPI, quote), this mixed bag of data should be greeted with a sigh of relief.
Week ahead: Keep your eye on the European elections
Emerging markets underperformed last week as investors cheered continuing corporate profits in the U.S., but global risks threaten weakness in higher risk assets.
Week ahead: expect a manic Monday
Russia made an historic bond issuance on Thursday, though it was little covered in the media. The country came to market with the biggest emerging sovereign debt issuance since 2009 and a total of $7 billion with maturities of 5, 10, and 30 years.
