Emerging Money Daily Audio Call Preview July 9 – on the call today we waited for the Fed and ECB to chiming in order to evaluate risk assets and tell you where we think today’s comments take emerging markets.
Looking at the technicals of the Emerging Money Chinese Internet Index (EMCHI) after todays -4/5% break lower, Fibonacci levels to respect are about 10% lower around 62.50 on the index.
Good Morning Emerging Money Subscribers. This morning we will review emerging market currencies affected by Fed as well the effects on the U.S. King IPO disappointment in Chinese internet stocks names. We will update you on the EMCI index
I was asked by Fidelity to give a presentation to their clients ahead of the Trader Expo in NYC. In the presentation I gave my views on the EM selloff and a number of key sub-topics within the asset class. Here I will present my slides on China.
McKinsey & Co conducted a study on China’s economic growth and determined that Beijing’s efforts to shift from export to private consumption will be the primary driver through 2020, representing 43% of all growth by that year as opposed to 26% at present.
Continuing our exploration on where to invest in 2012, we turn to the broadband sector — one of three sectors that should grow in 2012.
China’s version of Groupon — the leading daily deals website in the United States — plans to raise up to $100 million in an initial public offering on the Nasdaq. Traders are hoping the IPO goes well, but there are plenty of clouds on the horizon.