EMerging Equity
Archive for October 2014
Russia Could Build Tunnel Rather Than Bridge To Crimea
By BNE Russia could build a tunnel to Crimea rather than a bridge as planned previously, following Moscow’s annexation of Ukraine’s Crimea peninsula in March 2014. Crimea has no land connection to Russia, but at one point is separated from Russia by the Kerch Straits, at the narrowest point only 3.1km wide, and reaching only … Continue reading
Three Words For Brazil
By Mark Mobius Franklin Templeton Investments Via ValueWalk As long-time investors in Brazil, the recent presidential election has been of keen interest to us. One can certainly say it’s been an interesting race! The market had been volatile based on the changing polls leading up to the election; there were hopes that new leadership would … Continue reading
Gold and Silver Hitting Their Lowest Levels Since 2010
Gold and silver headed to their lowest levels since 2010 today. The U.S. dollar soared due to a new round of quantitative easing by the Bank of Japan. Also data from U.S. confirmed the economy’s good shape. Gold breached important support levels at $1,200 and $1,180, where stop losses (automatic sale orders) were placed and was on track for a … Continue reading
Russia’s Central Bank Increased Its Main Interest Rate By More Than Analysts Expected
As a result of plunging global oil prices and Western sanctions hurting the Russian economy, the rouble has been sliding. In order to protect the currency, today Russia’s central bank hiked its main interest rate by 1.5 percentage points, which is more than analysts expected. On a cumulative basis, the Central Bank of Russia increased the … Continue reading
BOJ Surprises Investors With A Monetary Easing Decision
Japan’s Nikkei stock market hit a 7 year high today as the index gained over 5%. On the other hand, the yen headed south to its lowest since early 2008 against the dollar, and lost more than 1% during one day. The sharp market and currency movements are the result of the today’s Bank of Japan surprise monetary easing decision. The BOJ unexpectedly surprised … Continue reading
Putin Signals Russia’s Shift To Asia
By Joshua Kucera The Diplomat Russian President Vladimir Putin’s foreign policy address last week drew headlines for being the most anti-American and anti-Western speech of his career. And while he signaled that Russia in the future would therefore depend more heavily on Asia, he did so delicately, seemingly trying to avoid giving the impression that … Continue reading
China Worried About Indian Border Posts
According to the Times of India, the Indian government “has given an in-principle approval for induction of nearly 12,000 personnel in the Indo-Tibetan Border Police” [India Announces 54 New Outposts on Disputed Border]. On Thursday, China’s defense ministry expressed concern over the plans. The 54 new border posts along China’s disputed border seems as a step too far … Continue reading
Global Emerging Markets Consumer: Insight Into A $1 Billion AUM ETF
In one of our latest articles dedicated to China’s slowing economic growth [China Should Focus on Reforms and Cut Its Economic Growth Target to 7% – World Bank] we briefly touched the consumer subject. China, during the forthcoming years, is supposed to redirect its economy by stimulating its domestic demand, as the current levels of manufacturing wages … Continue reading
Indonesia’s Economy Growth at 5.0-5.1% in Q3: Bambang Brodjonegoro (Finance Minister)
Indonesia’s finance minister, Bambang Brodjonegoro, estimates the economy grew between 5.0-5.1% in Q3 this year on a year to year basis. Also the September trade balance showed a small deficit as exports had been hit by falling prices. The finance minister noted that the slowdown in China is more significant to Indonesia than normalization of the U.S. The central … Continue reading
Modi’s Government Introduces Mandatory Spending Cuts Targeting Bureaucrats
Prime Minister Modi’s administration has just introduced new measures aiming to cut spending. Bureaucrats have been banned from 1st class air travel and 5 star hotels. The decision is to help to narrow the fiscal deficit to a 7 year low. All ministry units are to cut non-plan expenditure by 10%, excluding defense related matters, … Continue reading
