Always remember that when people talk about coal, they really mean one of two very different commodities. There’s thermal coal, which is still in retreat as Australian mines recover from last year’s floods. And then there’s coal used in steel.
Welcome to the emerging markets 10 a.m. heat map. Global markets are starting completely in the red on the first day of the last full week in April. Leading the slide in the Emerging Stock index are YNDX -5.55%, INFY -3.71% and IBN -3.12%. Global markets are sliding on fears of global slowdown in the euro zone and in China both regions PMI numbers are suggesting growth is contracting.
Welcome to the emerging markets 10 a.m. heat map. Global markets are starting off strong going into the weekend. Leading the Emerging Stock index are ABV 1.78%, HXM 1.57%, BBD 1.54%, FXM 1.54% with ERJ -2.52% taking hit on a downgrade from Goldman (GS) taking the stock down to a neutral from a buy along with some negative headlines.