Global Markets:
Emerging markets gained another 1.1% in September with Developed markets gaining a subdued, 0.3%. Perhaps it should be no surprise that the countries in the world that continue to have normal monetary policy and normal interest rates (emerging markets) are becoming a preferred investment destination.
The rally in emerging markets was initially supported by the turnaround in commodity prices earlier in the year. We are now seeing this turnaround in other emerging market sectors, as earnings more broadly are forecast to show modest growth next year.
MARKET UPDATE: RATING DOWNGRADE SEPTEMBER 2016
Global Markets:
Emerging markets gained another 1.1% in September with Developed markets gaining a subdued, 0.3%. Perhaps it should be no surprise that the countries in the world that continue to have normal monetary policy and normal interest rates (emerging markets) are becoming a preferred investment destination. The rally in emerging markets was initially supported by the turnaround in commodity prices earlier in the year. We are now seeing this turnaround in other emerging market sectors, as earnings more broadly are forecast to show modest growth next year.