Morgan Stanley exec: Turkey is the next frontier
Morgan Stanley managing director Ruchir Sharma wants emerging market investors to start looking ahead, arguing the next big markets will not be found among the BRICs.
Tag Archives: TUR
Best of the Friday web
American markets tumbled on the back of disappointing jobs data, a gloomy growth outlook, and nervousness going into European elections this weekend.
Some emerging markets love low oil prices
As Brent crude prices retreat to within sight of long-term support, emerging market traders are once again segmenting their universe into the stocks that love cheaper oil and those that don’t. The natural pair trade here is Turkey and Russia.
S&P downgrades Turkey – time to exit?
Standard & Poor’s downgraded the sovereign credit rating of Turkey from positive to stable on Tuesday, indicating that the country is unlikely to receive either an upgrade or a downgrade within the next 12 months.
Emerging Money Heat Map: 10:00 a.m. Monday, April 23
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.
Emerging Money Heat Map: 10:00 a.m. Friday, April 20
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.
Want access to the fast-growing Turkish middle class?
Investors looking for exposure to Turkey’s fast-growing market have limited opportunities in the United States.