Economics
Too Many Risks for Emerging Markets to Get Lift From China Data
- Pressure mounts for Indian interest rate cut as growth tumbles
- China reported to want tariffs rolled back in phase-one deal
Photographer: Qilai Shen/Bloomberg
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Emerging markets may need more than a surprise recovery in Chinese manufacturing to exorcise the pain of November.
Though data on Saturday unexpectedly showed China’s official manufacturing PMI surged past the 50 level for the first time since April, the on-off state of the trade talks, currency weakness in Latin America against a backdrop of popular unrest, and a slump in India’s economic growth are likely to curb investor enthusiasm.