Asian stocks- When will this nightmare end? 5/5 (1)

0
403
Women in Economic Decision-making: Christine Lagarde
Christine Lagarde, Managing Director, International Monetary Fund (IMF), Copyright by World Economic Forum swiss-image.ch/Photo Michael Wuertenberg

After China’s factory output survey showed better results than expected, global equities market gained an overnight boost and Asian stock took a breather on Thursday from its accelerating fall.

The US dollar strengthened after registering a good job growth in a national employment report. The US dollar and the Australian dollars appreciated by 0.3% and 0.2% to $0.7044 and ¥120.08 respectively.

While things sure are picking up pace, IMF is not so buoyant and has warned that emerging economies have a long wait before things become rosy. Declining commodities prices, possible raise in US interest rates, inability of government measures to contain China’s economic deterioration and the $18 trillion debt of emerging market firms will continue to rattle the global stock market. The IMF advised China to diversify investments instead of focusing on commodities, but to also safeguard demand and financial stability.

Please rate this

NO COMMENTS

LEAVE A REPLY