Russia Troubles Hit Emerging Markets – Including Emerging Europe (Barron’s)
The last paragraph of a recent Barron’s article about how concerns over Russia were “roiling” emerging markets had this to say about Eastern European emerging markets:
There are early signs that emerging Europe is taking a hit. Poland’s manufacturing PMI fell sharply from 50.3 in June to 49.4 in July, after peaking earlier this year at 55.9, and the iShares MSCI Poland Capped ETF (EPOL) has dropped more than 10% since its early June high. Nomura Securities last week lowered its gross-domestic-product forecast for Poland from 3.3% and 3.9% for this year and next year, to 2.8% and 3.1%, respectively, because of Russia’s import ban on fruits and vegetables. Poland has been a vocal supporter of Ukraine.
To read the whole article, Russia Roils Emerging Markets, go to the website of Barron’s.
Similar Posts:
- Bloomberg’s Misery Index’s Most Miserable Emerging Markets
- Henderson’s Bennett: “No Real Emerging Europe, We Have Got Submerging Europe” (Citywire)
- Jupiter’s Croft: If History Repeats Itself, Russian Stocks Could Double (FE Trustnet)
- Invest in Poorer Performing Emerging Markets for Better Gains? (CNBC)
- Russia Moves Up 11 Places in the Global Competitiveness Report (MT)
- Emerging Market Hedge Fund Assets Rise to a Record Despite Russian Losses (PR)
- Resolving the SE Ukraine Conflict Would be a “Massive Buy Signal” for Russia (CNBC)
- Infographic: Russia’s Sphere of Influence in Context (VOX)
- Gazprombank GPB Hires Former Senators Lott and Breaux to Fight Russia Sanctions (CPI)
- Franklin Templeton’s $7.6bn Bond Bet on the Ukraine is 6X Bigger Than its Russian Bond Holdings (EM)
Leave a Reply