Bottom approaching: sentiment gets more negative on emerging markets and gold
Looking for a bottom in emerging market stocks and gold, two of the worst performing assets in 2013? Sentiment continues to go from negative to negativ-er. In Bloomberg survey 25% of respondents picked Brazil as either the worst or next to worst market in the world over the next year. A huge 35% picked India. Gold, down 22% in 2013, got a thumbs down–and $1050 target price–from Goldman Sachs.
Japan, China, Asia markets start week on a roll
The week has certainly started out very well for Japan. And indeed for Asian financial markets. First, Tokyo was announced as the site of the 2020 Olympic summer games. Shares of property developers went bonkers overnight on the news.
Second Ever Friday Video with your Qs and my As
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Emerging markets are now disliked; I’m waiting for the day they’re hated
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...A perfect market storm could be brewing in China
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...China’s 2nd quarter GDP growth comes in exactly on the official target of 7.5%–if you can believe it
Official data released today by the National Bureau of Statistics show that China’s economy grew by 7.5% year over year in the second quarter. That’s a drop from the annualized 7.7% growth in the first quarter but exactly in line with the official government target of 7.5% growth for the year.
What me worry? Fitch downgrades China and the markets yawn
Yesterday Fitch cut China’s long-term local currency credit rating from AA- to A+. Because of the uncontrolled growth of China’s shadow banking sector, Fitch said, total credit may have reached 198% of GDP by the end of 2012, up from 125% in 2008. Despite the downgrade, the iShares FTSE China 25 ETF (FXI) is up 0.99% as of 12:30 p.m. New York time today.
How might China bury bad bank debt this time? Take a look at China Cinda
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KFC’s bucket of bad news for Yum! Brands in China isn’t empty yet
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
Does Yum! Brands have a China problem–or just an issue with its chicken suppliers?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...The big effects of a stronger euro and a weaker yen/dollar will be felt in emerging stock markets such as China and Brazil
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Jim’s Stock Alerts
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