Periodically at Emerging Money we examine spread relationships. EEM/SPY is the big picture one, but intra market-making country spread calls are often highly effective for reasons that are both rooted in fundamentals and also technical and market timing factors.
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.
Recent legislation in Russia has allowed for the creation and trading of Russia ETFs. Russian fund providers are happy with the change as there had been a shortage of liquid funds to trade.
Monday’s best web covers future prospects for IT companies in India, a new gaming center in far eastern Russia, Vietnam’s plan to attract investment, and speculation about monetary policy stimulus in China.
Markets appear to be ignoring softer China numbers and euro zone data as European shares turn up — and growth commodities like copper and crude oil are following the broader markets. Meanwhile, the “safe haven” money flow is slowing, shifting pressure away from gold and silver and onto the U.S. dollar.
In the best of times the markets in Poland, Hungary and the Czech Republic offer traders exposure to the frontier between oil-rich Russia and the euro zone. But lately, funds focused on these stocks have suffered on both sides of the border.