“The risk-return reward of investing in emerging markets works very much in your favor as opposed to investing in some of the U.S. stocks that have gone up spectacularly well this year,” one pro says.
Gross domestic product (GDP) growth in India picked up pace in the April-June quarter helped by a rise in construction output, prompting economists to say the worst might just be over for Asia’s third largest economy struggling to return to the days of 8-9 percent growth rates.
India’s gross domestic product (GDP) report is due out Friday and economists are not expecting any dramatic turnaround in Asia’s third largest economy. The consensus is that growth in the April to June quarter was likely a repeat of the previous quarter’s lackluster 5.3 percent - but investors are shrugging it off.
According to the U.S. government’s Energy Information Agency, “In 2009, India was the fourth largest energy consumer in the world, after the United States, China, and Russia. Despite a slowing global economy, India's energy demand continues to rise. As vehicle ownership expands, petroleum demand in the transport sector is expected to grow in the coming years. While India's domestic energy resource base is substantial, the country relies on imports for a considerable amount of its energy use. According to the International Energy Agency, hydrocarbons account for the majority of India's energy use.”
Greater spending from the burgeoning emerging market middle class is one of those themes global and emerging market investors have clung to as developed market consumers and governments deleverage. But there’s a growing risk emerging market consumers could start pulling back as industrial commodity prices fall and higher food prices lighten consumers’ wallets.
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and how the company makes money.
Wednesday, 19 Jun 2013 | 6:31 AM ETJohn Silvia, Wells Fargo Securities, and Barbara Marcin, Gabelli Dividend Income Fund, discuss whether investors should reconsider allocating their portfolios as the Fed wraps up its two-day policy meeting.
Wednesday, 19 Jun 2013 | 8:53 AM ETKen Langone, Invemed Associates chairman and president, called Fed Chairman Ben Bernanke a "lame duck."