News Formal

First three weeks of the year can be an emerging-market red herring

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

“This year, the MSCI Emerging Markets Index entered bull market after it crossed key technical thresholds in the middle of last month, buoyed by the prospect of a preliminary trade deal between the US and China.”

In 1999, the MSCI gauge made a faltering start after the missteps of the previous year, including a debt default in Russia and a government collapse in Turkey. But the year ended up with a runaway rally as the dotcom boom peaked.

In 2000, the opposite occurred. Stocks kept advancing into the New Year, but a sell-off in late January was an omen of the dotcom bust that really began in April.A massive rebound of 11 per cent in the first three weeks fizzled as the US economy contracted.Even though the Federal Reserve had taken its benchmark interest rates close to zero in December 2008 and unleashed its first quantitative easing, the pessimism surrounding the financial crisis lingered well into January.

Truth be told, early January trading hasn't always been a dud. It correctly predicted full-year moves on the following occasions:

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 15. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

US stocks finish first session of 2020 at recordsNEW YORK: Wall Street stocks ended at fresh records on Thursday (Jan 2), a buoyant start to the 2020 trading campaign that extended the late-2019 ...
출처: ChannelNewsAsia - 🏆 6. / 66 더 많은 것을 읽으십시오 »