GLOBAL MARKETS: Sterling pounded
Sterling’s slide to $1.24 on Tuesday was its weakest level against the dollar since April 2017
EM portfolio doubts
The summary sacking of Turkey’s central bank governor and the shock resignation of Mexico’s finance minister, which immediately roiled markets, are reminders of the high-risk nature of investing in emerging markets. It has cast doubt over developing economies converging with the developed world. Apart from China and India, there’s little sign of convergence. High commodity prices are a fading memory. Trade is stuttering and global supply chains are being disrupted. Many supposedly emerging markets are growing more slowly, raising questions over the role of emerging markets in a diversified portfolio...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.