The Fed will delay the tapering of its bond buying program in response to the US government shutdown. For emerging markets this means a slower pace of currency depreciation into year-end, and the potential for limited short-term appreciation in markets that may have over-corrected, like Turkey and Indonesia. With currency depreciation slowing, fourth quarter GDP results may surprise slightly to the upside. The dollar-denominated ETFs that track local Turkish and Indonesian stock markets both increased 4% on the news.
October 2, 2013 By Leave a Comment
What the US Government Shutdown Means For Emerging Markets
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Podcast: Play in new window | Download Although identifying and finalizing an M&A deal can be challenging in emerging markets, the subsequent integration of the acquisition is extremely vital to the success of the entire process. As interest in M&A in emerging markets heats back up, former FSG expert advisor, who has just become the […]
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