RECENT Global RESEARCH
The CBOE Volatility Index (or VIX), a measure of market turbulence, tumbled 12% during the week ended September 3, 2016. It was the biggest fall in two months.
Brazil’s performance in the 2016 Rio Olympics and worldwide speculation about a Fed rate hike might have a role to play in the country’s stock market performance in fiscal 2016.
In the first week of August 2016, the BOE (Bank of England) cut its key interest rate to a record low of 0.25% from 0.5%, the first cut in seven years.
US stocks bumped up against all-time highs again this year. After hitting a new intraday high of 2,178 on August 1, the S&P 500 was unable to hold onto the…
Emerging markets (VWO) have been on a tear this year! The past few years saw the asset class languish under fears of an economic downturn in China (YINN)(FXI), a US rate hike by the Federal Reserve, current account deficits, and currency volatility.
Preferred securities (PFXF) are some of the most popular investments around. They appeal to investors seeking higher yields in a world of falling and even negative interest rates.
It’s been a good year for emerging markets so far. Performance and growth have been aided by the stability of the US dollar, the commodity price recovery, and lower rates in developed markets.
Emerging markets (IEMG) (AAXJ) are expected to grow at a healthy pace of 4% in 2016 and see even higher growth in 2017.
Global investors’ perception of India has dramatically transformed in the last two years.
Not long ago, India was one of the Fragile Five: an unfortunate club of troubled emerging markets (FEO) (VWO) that were the worst hit by the 2013 taper tantrum.
Latin American markets were trading lower on August 22. They took cues from a fall in commodity and crude prices globally.
US unemployment claims for the week ending August 13 fell by 4,000, according to data published by the U.S. Department of Labor on August 18.
Emerging market debt (EMB) has attracted investor’s attention as a higher-yielding alternative in a world where yields are quickly falling below zero.
YTD (year-to-date) asset inflows into emerging market equity ETFs have been remarkably broad.
The MSCI Emerging Markets Index, which tracks the performance of the emerging markets, fell nearly 66% between April 2014 and May 2016.
Major Asian currency pairs were trading on a negative bias against the US dollar on August 12, 2016. The US dollar broadly rose against the other currencies.
For RBNZ (Reserve Bank of New Zealand) Governor Graeme Wheeler, coming out with a cut was a no-brainer to markets. Markets expected a rate cut.
With US stocks reaching all-time highs, the market is looking expensive compared to other markets. Nevertheless, it refuses to underperform.
Emerging markets have been outperformers so far in 2016, with stocks returning 12%. Of that, 10% can be attributed to multiple expansion.
The U.S. Bureau of Labor Statistics published the NFP (non-farm payroll) for July at a stable 255,000. This was well above the market’s forecast of 180,000.