GLOBAL MARKETS: Emerging-market assets on the up?
Emerging-market assets may have bottomed in June and the July rally is likely the start of a more sustained rebound
Emerging-market assets may have bottomed in June and the July rally is likely the start of a more sustained rebound through the second half of the year, according to an analysis by Goldman Sachs. But the moves this year don’t stand out as unusual when considered historically, Caesar Maasry and Ron Gray write in the report. They conclude that growth data, usually a better indicator than valuations, is showing signs of stability.
Stepping on the gas
Toyota Motor Corp is doubling down on its investment in hydrogen fuel-cell vehicles (FCV), designing lower-cost, mass-market passenger cars and SUVs, and pushing the technology into buses and trucks to build economies of scale.
As Toyota cranks up improvements for the next generation of its Mirai hydrogen FCV, expected in the early 2020s, it is hoping to prove wrong rival carmakers and industry experts who have mostly dismissed such plans as commercially unviable. It says it can popularise FCVs in part by making them cheaper.