Central Europe: not such emerging markets after all | beyondbrics

Central Europe: not such emerging markets after all | beyondbrics:

"

Central Europe was spared the worst of the downturn that hit emerging markets from May this year, but that means that the global rebound seen on Thursday following the US Fed’s taper surprise has been less pronounced in Poland, the Czech Republic and Hungary.

The Warsaw Stock Exchange, the region’s largest bourse, was up by 1.55 per cent on Thursday afternoon, while the Prague exchange was down 0.18 per cent and in Budapest shares were down 0.24 per cent.

By contrast, the Istanbul exchange, often treated by analysts as part of the same region as central Europe, saw a head-spinning rebound of 7.1 per cent on the Borsa Istanbul National 100 index. The lira was also up strongly against the dollar, gaining nearly 2 per cent, while in Warsaw the zloty lost some ground against the dollar and the euro, handing back some of the gains it had made in recent days."

'via Blog this'