The holy month of Ramadan is set to begin in the Arab World on Monday, and this year it arrives with a somewhat unique trading cocktail of post-revolution political ambiguities and global economic uncertainties. It may be the worst performing emerging market so far this year (down 29.7%), but that never stood in the way of profitable equity strategies.
U.S. companies reporting strong quarterly growth can thank their emerging-market businesses for the push, Mike Thompson, head of valuations/risk strategy research at Standard & Poor's, told CNBC Monday.
"There is no stopping the fact that high speed rail plays a very important part in China¿s expansion and urbanisation plans," Andrew Leung, founder & chairman of Andrew Leung International Consultants. told CNBC. However, he said in the short term China¿s railway disaster at the weekend would cast a shadow over China¿s railway industry.
With the rising price of oil putting the spotlight on energy, BlackRock Managing Director Dan Rice gave his top energy investment picks to CNBC on Friday.
This may come as a surprise: Chinese consumers are often more willing to drop a huge chunk of money on fashion—especially Western brands—than consumers in the US and Europe. This offers a huge opportunity for retailers as China's fashion industry is set to become the world’s second fashion market, and account for about 30 percent of the global fashion market’s growth over the next five years, according to a recent report from Boston Consulting Group.
The Central Bank of Turkey (CBT) has kept interest rates unchanged at a record low of 6.25 percent, in line with analyst expectations. It underscored that it may narrow the interest rate corridor gradually if global growth concerns and “sovereign debt problems regarding some European economies” dent risk appetite.