Emerging markets take taper in their stride - FT.com:
"Emerging and Asian exchanges took the taper in their stride as global markets continued to react on Thursday to the US Federal Reserve’s decision to begin shrinking its monthly asset-buying programme from $85bn to $75bn.
Previous hints that the Fed was set to reduce, or taper, its purchasing programme had caused turbulence in emerging markets. But Thursday’s relative calm suggested that half a year of teasers from the US central bank had prepared the ground well.
Analysts, however, warned that the beginning of the end of easy money would mean a bumpy road ahead."
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