"Perhaps all this turmoil in EM financial markets won’t have as much impact on their real economies as many investors seem to fear.
That’s certainly a conclusion that could be drawn from Standard Chartered Bank’s half-year trading statement on Wednesday, in which the group predicted a sharp improvement in the second quarter over the first three months of 2013 despite the “backdrop of ongoing turbulence in the global economy”. While the actual results won’t be out for a while, investors took the hint and marked the shares up 3 per cent.
Peter Sands, chief executive, said in the statement:"
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