Fri, Sep 20, 2013 - Page 13 News List

Emerging markets lead rally in Asia

WELCOME NEWS:The main beneficiaries of the news the Fed would continue its bond-buying program were emerging economies, which have suffered a torrid few months


The Fed decision “may foster expectations that capital outflows from [emerging markets] can stop or even reverse,” Barclays Capital said in a note, Dow Jones Newswires reported.

“This should be particularly supportive for the currencies and rates markets of countries with higher current account deficits,” such as India and Indonesia, the note said.

This story has been viewed 1756 times.

Comments will be moderated. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned.

TOP top