CVS Group Predicts Large Upside for Emerging Markets
The surprising decision from the US Federal Open Market Committee on September 18th to leave their stimulus package unchanged has provided a substantial boost to emerging markets, which were hit hard by fears that the American central bank reduces its asset purchasing program. Postponing tapering provided unexpected relief to emerging markets, as the program has caused huge inflows of cheap cash into developing countries. CVS Group's analysts believe that this has created opportunities for their clients who are looking for short to medium term investments in some important emerging markets. As the US economy recovers, the analysts prefer countries whose economies are export driven rather than fast growing domestic economies.
CVS Group Confident on Asia as BOJ Declares Economic Recovery, Australia Boosted by China
The Bank of Japan said the economy is recovering albeit slowly. Australia saw gains, boosted by positive trade data with top partner China. Australia's import and export data was much higher than expected.