Emerging markets indexes.
Source: http://stockweb.blogspot.com/Posted on Wednesday, August 13th, 2008 | In Market Commentary, Stocks to Watch
Contributed by: Vlada Kynsky (http://stockweb.blogspot.com/) -
Another emerging markets hit in last days is Russia. Political situation and plunging commodity prices outflow money from market and currency Rubl. These factors make recently RTS index as the worst performing emerging index.
Commodity driven Brazilian index had been averse to global slowdown. But as crude and copper prices are under correction Bovespa index could sustain growth.
Japan economy posted negative growth -0.6%. After Canada and Italy it is the third economy in G7 group which is not in expansion. Tomorrow the GDP statistics are released for countries of Euro zone.
Last days China is in focus. Unexpectedly high inflation and slowing economic growth dragged Shanghai Composite index 55% from October high.
Another hot stock markets in Viet nam lost all the attractiveness. Country joined World Trade Organization and VNINDEX was one of the best performing in the world. But now country fights with hyper-inflation which is now 25%.
Another emerging markets hit in last days is Russia. Political situation and plunging commodity prices outflow money from market and currency Rubl. These factors make recently RTS index as the worst performing emerging index.
Commodity driven Brazilian index had been averse to global slowdown. But as crude and copper prices are under correction Bovespa index could sustain growth.Related tickers: (FXI), (RSX), (EWZ)
Last 5 posts by Vlada Kynsky
- Too close to market bottom 2002. - November 19th, 2008
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- Sold out Technology. - November 13th, 2008
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Tags for this Post:
Bovespa, Canada, China, Italy, Japan, Market Commentary, RTS, Russia, Stocks to Watch, VNINDEX, World Trade Organization
Bovespa, Canada, China, Italy, Japan, Market Commentary, RTS, Russia, Stocks to Watch, VNINDEX, World Trade Organization
 About Vlada Kynsky (http://stockweb.blogspot.com/)
Vlada Kynsky studied economics and gained work experience as SAP analyst in information technology. His origin is in Czech Republic but due to different work assignments lived in many European countries. He explores mainly emerging markets. In his research he focuses on ETF and international stocks. Another area of interest are technology stocks. |
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