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 Unknown 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 Cole 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.

 

Post a Comment

<< Home