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Bad News for Emerging Markets in January 2014 – Money Morning

This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

More Bad News for Emerging Markets: Overnight, the Chinese Markit/HSBC Purchasing Managers’ Index (PM) report was released, and the news isn’t good. As domestic and export demand has weakened in China, the Index slumped to 49.6 in January from December’s final reading of 50.5. Continued investor flight to safe-haven bonds this morning has dragged global stocks down to a two-and-a-half-month low. Many emerging markets, which rely heavily on trade in goods and commodities with China, declined this morning. India fell 1.25%, Japan shed 2.45%, and Thailand dropped 0.7%. The weak PMI data also lead to declines in gold prices, silver prices, and copper prices. [EXTRA: Our Chief Investment Strategist Keith Fitz-Gerald tells investors how to play the plunging global markets today.]

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The post Bad News for Emerging Markets in January 2014 appeared first on Money Morning – Only the News You Can Profit From.

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