Poland’s transition from emerging market to developed status bodes well for its stocks, says Matthew Lynn.
Turkey’s currency is crashing, its debt is spiralling out of control, and foreign investors are deserting the country. If things get worse, says John Stepek, it could spark wider trouble.
Turkey’s problems are going from bad to worse. Inflation is running at almost 16%, a 15-year high; faith in the government has deteriorated; and the currency has fallen by about 28% against the US dollar.
Germany’s benchmark stockmarket index, the Dax 30, has risen tenfold since it began life 30 years ago.
With talk of a trade war hampering equities in a region that is dependent on exports, investors are going cold on Europe.
The Baltic states’ economies are too small to attract the attention of many investors – but it’s worth keeping an eye on dynamic entrepreneurial markets like these, says Frédéric Guirinec.
Investors’ flight form Turkey, after Recep Tayyip Erdogan won last Sunday’s election, is making a nasty recession all the more likely.
The latest political upset in Italy has given investors a fright. But they are taking too pessimistic a view.
Turkey’s currency is collapsing. Money is flooding out of the country. Investors have lost all confidence. It’s a prime example of just how important good governance is, says John Stepek.
Investors are worried that Argentina and Turkey could be the first two dominoes to fall in a wider emerging-markets crisis.
Turkish stocks have lost 20% this year and the Turkish lira has slipped by more than 10% against the US dollar.