August 10, 2010 - BRICs Losing to Turkey in Stocks as Indonesia Swaps Beat Russia - Indonesia and Turkey are beating the world’s biggest emerging markets by almost any financial measure, even while they may be too small to join the BRICs.
August 10, 2010 - Egypt Inflation Unchanged at 10.7% in July, Matching Economists' Forecast - Inflation in Egypt remained unchanged in July, supporting the central bank’s decision to keep its benchmark interest rate at the lowest level since 2006. Urban inflation, the main rate monitored by the central bank, was 10.7 percent in July.
August 7, 2010 - Ringgit Rally Boosts Sukuk as Yields Tumble: Islamic Finance - Asia’s best-performing currencies are luring funds to local Islamic bonds in Malaysia and Indonesia, helping to drive benchmark yields to the lowest levels in more than a year. The yield on Malaysia’s five-year ringgit-denominated sukuk declined 33 basis points, or 0.33 percentage point, this year to 3.51 percent yesterday after touching its lowest since March 2009 at 3.5 percent on July 23, according to data from the central bank.
August 6, 2010 - Opalesque TV highlight Agriculture investing through interviews with Hedge Fund Managers in that business
August 5, 2010 - Brazil Real Fluctuates as Rate Outlook Offsets European Crisis - Brazil’s real fluctuated between gains and losses as speculation policy makers will lift interest rates to cool growth was offset by concern the European credit crisis will slow global growth.
August 5, 2010 - Turkish Lira’s Rally Pits Trade Minister Against Central Bank - The Turkish lira’s best winning streak in five years has provoked a spat between Trade Minister Zafer Caglayan and the central bank. A widening current-account deficit may favor those wanting a weaker currency.
August 5, 2010 - Mexico Peso Rises a Fourth Day as Investors Seek Higher Yields - Mexico’s peso rose for a fourth day, the longest winning streak in a month, as investors seek higher- yielding, emerging-market assets.
August 5, 2010 - Canadian Dollar Reaches Strongest Close Since May as Risk Demand Gains - Canada’s dollar strengthened to the highest close versus its U.S. counterpart since May as crude oil traded near highs and economists estimated a report this week will show the nation added jobs for a seventh straight month.
August 4, 2010 - Real Falls as Brazil's Industrial Output, U.S. Home Sales Drop During June - Brazil’s real fell for the first time in four days as drops in industrial production and U.S. existing home sales fueled concern that the global recovery is slowing, prompting investors to sell emerging-market assets.
August 2, 2010 - Saudi Arabia Shares Rise to 1-Month High on Global Stocks Rally; Oil Gains - Saudi Arabia’s shares rose to the highest in more than a month, helping lead an advance in Gulf markets, as global equities rallied and earnings in Europe boosted investor confidence. Oil gained to a three-month high. Saudi Basic Industries Corp., the world’s biggest petrochemical maker, closed at the highest in almost three weeks. Saudi Arabian Mining Co., the state-controlled metals producer known as Ma’aden, climbed for a fifth day. The Tadawul All Share Index advanced 0.3 percent to 6,332.45 at the 3:30 p.m. close in Riyadh. Qatar’s QE Index gained 0.4 percent and the Bloomberg GCC 200 Index rose 0.3 percent.
August 2, 2010 - Turkish Central Bank Increases Daily Dollar Purchases to Build Reserves - Turkey’s central bank increased its daily purchases of dollars from the market, taking advantage of a stronger lira to build up reserves. The bank will buy $40 million a day, with an option for an additional $40 million, starting tomorrow, it said in an e- mailed statement from Ankara today. Previously, the bank had bought as much as $60 million a day.
August 1, 2010 - Turkish Stocks at Record High Lure Templeton’s Mobius - Templeton Asset Management Ltd.’s Mark Mobius plans to increase his holdings of Turkish stocks, which rank among the cheapest in emerging markets even after gains pushed prices to record highs. Turkey’s ISE National-100 index rose 15 percent this year, the most among major European gauges, to an all-time peak Friday. Valuations at 10.7 times reported earnings, the highest since March, are 30 percent below the 15.3 times multiple for the benchmark MSCI Emerging Markets Index, according to data compiled by Bloomberg.
July 25, 2010 - Tehran Stock Exchange Starts Futures Trading to Attract Foreign Investors - The Tehran Stock Exchange, home of the world’s second-best performing equity index, today begins offering derivatives based on Iranian banks to diversify its market and attract foreign investors.
July 25, 2010 - Vietnamese Inflation Slows, Supporting Government's Push for Faster Growth - Vietnamese inflation cooled for a fourth month, a slowdown that may ease concerns the government’s focus on stoking economic growth will revive price pressures. Consumer prices rose 8.19 percent this month from a year earlier, according to figures released today by the General Statistics Office in Hanoi. The inflation rate in June was 8.69 percent, according to previously reported data. Prices climbed 0.06 percent in July from June.
Disclaimer
The contents of this presentation contain statements that may constitute “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements may include financial and other projections, as well as statements regarding future economic events, or the assumptions underlying any of the foregoing. Forward-looking information involves significant risks, assumptions, uncertainties and other factors that may cause actual future results or anticipated events to differ materially from those expressed or implied in any forward-looking statements and accordingly, should not be read as guarantees of future performance or results.
Actual results, performance or achievement could differ materially from those expressed in, or implied by, any forward-looking statements made and, accordingly, viewers should not place undue reliance on any such forward-looking statements. New factors emerge from time to time, and it is not possible for anyone to predict all of such factors and to assess in advance the impact of each such factor on any of the financial or commodity markets.
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