Friday, October 01, 2010

Booming Bull Market Rally in Emerging Markets; MSCI Index Reaches 27-Month High Today

BLOOMBERG -- "Emerging-market stocks rose, sending the benchmark index to the highest level in 27 months (see chart above), and currencies strengthened as reports showed China’s manufacturing grew and developing-nation fund inflows hit an 11-month high.

The MSCI Emerging Markets Index climbed 0.7 percent to 1,082.92 at 11:07 a.m. New York time, poised for a fifth straight weekly advance.  China’s manufacturing expanded at the fastest pace in four months in September, adding to signs that growth is stabilizing in the world’s fastest-expanding major economy. Investors poured $4.3 billion into emerging-market equity funds in the week ended Sept. 29, the biggest amount since October 2009, and the funds are poised for record annual inflows."

MP: The Emerging Markets Index has gained 9.4% over the last month, and 19% over the last twelve months, and reached the highest level today since June 30, 2008, 27 months ago.

2 Comments:

At 10/01/2010 12:25 PM, Blogger Tiffany said...

Interview with Robert Ward - Head of Global Forecasting for The Economist:

http://www.alternativelatininvestor.com/83/emerging-markets/alternative-latin-investor-speaks-with-the-economist/'s-robert-ward.html

 
At 10/01/2010 12:41 PM, Blogger Benjamin said...

China and India are running expansionist monetary policies. Their economies are booming.

The USA and Japan are running contractionary monetary programs. Their economies are lagging badly.

 

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