SATURDAY, 18 AUG 2018

 

CONNECT

Facebook Linked In Twitter
GAP_Group_2018_728x90px
Invest Cyprus 30/04-30/03/2019
IMH LTD

Turk Telekom to Cooperate with Vestel after Erdogan Call to Snub iPhone

Stephen Lillie: There Is No Plan B for The Cyprus Problem

IMH LTD
GAP_Group_2018_468x60px

Emerging Markets Then and Now

 

PREVIOUS

NEXT

 
 
 
Emerging Markets Then and Now

Emerging Markets Then and Now

In late January, emerging-market investors ran for the exits – again. The mere possibility of Fed tapering sent them scurrying in June 2013, while the actual start of tapering and weak economic data out of China triggered the most recent selloff. 

 

The MSCI Emerging Market Index is off nearly 6% since the beginning of 2014, and currencies from the South Korean won to the South African rand have plunged relative to the dollar.

 

But panic in these markets is nothing new. And the macroeconomic factors driving investor flight in 2014do share some similarities with those that sparked the Asian financial crisis in 1997. The dollar is strong, the yen is depreciating, and commodity prices are falling – none of which is particularly good for emerging market economies. 

 

Both in the late 90s and today, a period of prolonged low interest rates in the US prompted investors to buy stocks and bonds in emerging markets, only to see them reverse course when American real interest rates started rising again.

 

At the same time, some very important difference between now and 1997 lead Credit Suisse* to believe that the most recent events will not develop into a full-blown crisis. 

 

Using Credit Suisse as its source, The Financialist highlights what has gotten better in emerging economies since the Asian financial crisis, as well as what has taken a turn for the worse.

 

*Credit Suise’s coverage of global emerging markets covers: Argentina, Brazil, Chile, China, Colombia, Czech Republic, Hong Kong, Hungary, India, Indoesia, Israel, Korea, Malaysia, Mexico, Philippines, Peru, Poland, Russia, Singapore, South Africa, Taiwan, Thailand, Turkey, Ukraine, and Venezuela. 

FROM AROUND GOLDNEWS

   

Stephen Lillie: There Is No Plan B for The Cyprus Problem

There is a clear plan A for Cyprus, that of a bi-zonal, bi-communal federation solution, and there is no plan B, UK High Commissioner in Nicosia, Stephen ...
   

Euro Area International Trade in Goods Surplus €22.5 bn

Euro area According to Eurostat, the first estimate for euro area (EA19) exports of goods to the rest of the world in June 2018 was €198.6 billion, an ...
   

House of Fraser Cancels Online Orders and Refunds Customers

House of Fraser is cancelling all online orders and refunding thousands of customers potentially millions of pounds, after a dispute with its warehouse ...
   

Turk Telekom to Cooperate with Vestel after Erdogan Call to Snub iPhone

Turkish fixed-line operator Turk Telekom has said that it clinched a cooperation deal with Vestel after President Tayyip Erdogan called on Turks to use ...
   

New Motorola Phone Is Identical to The iPhone X

Smartphone brand Motorola has been criticised for revealing a "shameless" copy of the iPhone X as its new model, the BBC reports. Many ...
   

GOLD Magazine: The Legal Issue

Over the last decade, Cyprus has succeeded in becoming recognised as an international business centre, in particular thanks to his excellent professional ...
   

Cyprus Records €1.9bn Trade Deficit For January - June 2018

According to Eurostat, the first estimate for euro area (EA19), exports of goods to the rest of the world in June 2018 was €198.6 billion, marking an increase ...
   

New Poseidon Villa Collection Opens at Aphrodite Hills Resort

Aphrodite Hills Resort has recently opened their new, luxury Poseidon Villa Collection. According to Luxury Travel Magazine, properties range from ...

HEADLINES

MOST POPULAR

Invest Career 19/04-26/08
Gold_Digital_Edition_300x250px

IMH LTD