Emerging-market stocks boost on positive technology shares
June 26, 2014 9:44 am
Emerging-market stocks rose as a rally in technology shares emerged in the market following the good performance of US stocks and the lingering effects of the Federal Reserve Bank stimulus of lowered interest rates.
The MSCI Emerging Markets Index is up by 0.5% to 1,047.07, 2:07 pm, Hong Kong time with the gauge having an overall 5.3% increase for this quarter. Analysts predict that the index may be headed toward its sharpest increase yet ever since 2012. The US economy is expected to make a comeback for this quarter with good economic data to hopefully bolster it after first quarter’s decline pinned on the recent recession.
The measure increased by 4.4% for this year. It trades at 10.9 times as projected 12-month wages.
Hon Hai Precision Industry Co. reached its highest level in four years after the chairman of the company projected a gain of at least 10% for this year in Taipei. Shandong Longda Meat Foodstuff Co. surged by 44% on its debut. Rising from a four-week low, Hong Kong-traded Chinese shares were led by the Dongfeng Motor Group Co. to an incline.
Head of investment markets research, Matthew Sherwood commented that the growth rate will not come so suddenly and “isn’t a pace that will spark major rises in U.S. inflation and a policy response from the Fed”. He added that he can see higher rates to appear more or less still 15 months away from now. The material has been provided by InstaForex Company – www.instaforex.com
Emerging-market stocks rose as a rally in technology shares emerged in the market following the good performance of US stocks and the lingering effects of the Federal Reserve Bank stimulus of lowered interest rates.
The MSCI Emerging Markets Index is up by 0.5% to 1,047.07, 2:07 pm, Hong Kong time with the gauge having an overall 5.3% increase for this quarter. Analysts predict that the index may be headed toward its sharpest increase yet ever since 2012. The US economy is expected to make a comeback for this quarter with good economic data to hopefully bolster it after first quarter’s decline pinned on the recent recession.
The measure increased by 4.4% for this year. It trades at 10.9 times as projected 12-month wages.
Hon Hai Precision Industry Co. reached its highest level in four years after the chairman of the company projected a gain of at least 10% for this year in Taipei. Shandong Longda Meat Foodstuff Co. surged by 44% on its debut. Rising from a four-week low, Hong Kong-traded Chinese shares were led by the Dongfeng Motor Group Co. to an incline.
Head of investment markets research, Matthew Sherwood commented that the growth rate will not come so suddenly and “isn’t a pace that will spark major rises in U.S. inflation and a policy response from the Fed”. He added that he can see higher rates to appear more or less still 15 months away from now.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: