April 23, 2024
United States:
Buy US Shares to Make Money in Emerging Markets, Mercer Says
Mercer LLC, the investment consultant that counts giant sovereign wealth funds, insurers and pension managers as clients, says smaller investors seeking exposure to emerging markets are best off doing so by buying shares in US companies.
The New York-based firm, whose clients manage some $16 trillion in assets, says that while the most interesting investment opportunities in emerging markets for bigger funds are in areas such as private equity and frontier-market infrastructure, retail investors are better off tracking global indexes led by the US.
Europe:
ECB Can Cut Rates If Data Confirm Economic Forecast, Nagel Says
The European Central Bank can envisage reducing borrowing costs if new forecasts and fresh data confirm consumer-price growth is headed back to 2%, Governing Council member Joachim Nagel said.
“Before lowering interest rates, we must be convinced on the basis of the data that inflation will actually reach our target in a timely and sustained manner,” the Bundesbank President said Tuesday in a speech in Berlin.
Asia:
China Wants Everyone to Trade In Their Old Cars, Fridges to Help Save Its Economy
China’s world-beating electric vehicle industry, at the heart of growing trade tensions with the US and Europe, is set to receive a big boost from the government’s latest effort to accelerate growth.
That’s one takeaway from what Beijing has revealed about its plan for incentives that will encourage Chinese businesses and households to adopt cleaner technologies. It’s widely expected to be one of this year’s main stimulus programs, though question-marks remain — including how much the government will spend.
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