Will Geopolitics and Growth Woes Impact Emerging Markets?
Emerging-market stocks were set to drop for a fourth week, their longest losing streak since August, and currencies retreated as concern that global growth remains sluggish spurred outflows. Chinese shares headed for the worst run of weekly declines in two years on speculation the government will refrain from adding fresh stimulus even as the world’s second-largest economy falters. An emerging-markets rally that started in January lost momentum this month as investors pulled $3 billion from equities in Asia and Brazil. Brazil’s Ibovespa has climbed almost 3 percent from May 6 as the nation’s Senate voted to suspend President Dilma Rousseff from office, ushering in a new government after months of political turmoil in the recession-wracked country. BlackRock Deputy CIO of Fixed Income Scott Thiel discusses with "On the Move" hosts Caroline Hyde and Guy Johnson.
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