The eurozone expanded at an annualised rate of 1.5% in the three months to April, and European stocks have enjoyed a robust bounce. But there’s room for more growth.
The mess in emerging markets is spreading beyond Turkey and Argentina. John Stepek looks into how things have got so bad, and what’s likely to happen next.
The embattled lira has recovered a little, but Turkey is still a risky bet, says Marina Gerner. Only brave investors should take a look.
As emerging economies wobble there are bargains to be had for businesses buying abroad, says Matthew Lynn.
On the face of it, now might look like a great time to snap up a bargain in Turkey. But is it worth the risk, and could better deals lie elsewhere? John Stepek investigates.
Countries in eastern Europe are rarely thought of as free-market paragons. But Georgia is a surprisingly dynamic and liberal economy.
The emerging market may not seem like a significant player in the global economy, but if it reneges on its debt, that could have huge repercussions. John Stepek reports.
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.