While clearly a lagging indicator by definition, fund flows are kicking in and momentum for emerging markets remains strong in a world where the U.S. and Europe aren’t caving in.
Famed investor Jim Rogers suggests the Russian market may be undervalued and could present significant opportunity for investors. Rogers stated that after a recent visit to Russia he came away impressed with progress influenced by the actions of President Vladmir Putin.
Questionable euphoria in U.S. stock markets on Friday aided the BRICS emerging markets to aggressively about face and claim significant gains.
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.
Thursday’s best web covers a new Chiense joint technology venture, the disappearing Russian middle class, trade volumes between Indonesia and other ASEAN nations, and Banco Santander seeking a way into Dubai.