Weekly market update

News this past week:

  • Global equities falter
  • China sees inflation drop
  • Japan falls into recession
  • The price of oil tumbles
  • Copper hits multi-year low

James Klempster, CFA  from Momentum Global Investment Management shares his view:

The recent poor performance of Emerging Markets (EM) equity has received a lot of coverage lately.  The crux of the commentary is that EM, as the producers of the world, are under mounting pressure as global growth cools.  Indeed last week the International Monetary Fund (IMF) noted that “Growth remains fragile and could be derailed …In an environment of declining commodity prices, reduced capital flows to emerging markets, and higher financial market volatility, downside risks to the outlook remain elevated, particularly for emerging economies.”

To read the full report in detail please click here.

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