More from Emerging Money
Referenced Stocks

Inflation, emerging markets and Turkey

By Emerging Money,  June 19, 2011, 09:27:14 AM EDT

Strange perverse way of looking at how inflation drives emerging markets developing here. In Turkey, a weaker PMI is actually a positive for the market because it shows that the economy is cooling and inflation is easing. This puts less pressure on the bond market and paradoxically drives upside for local stocks and the ETF TUR ( quote ). Take a look at how beat up TUR got when the Turkish economy was running at full speed: Turkish PMI came in at 50.6 for May, a dramatic decline from a reading of 52.7 in April -- a seven-month low at the time. Economic activity is clearly slowing down and this is . . . good, for current account reasons.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, International, Stocks

Referenced Stocks: TUR



Latest News Video

Obama Orders Federal Aid to OK
Obama Orders Federal Aid to OK      
KFC Being Smuggled Into Gaza
KFC Being Smuggled Into Gaza        


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.51 0.08  0.60%
RAD $ 2.80 0.01  0.36%
CSCO $ 23.94 0.30  1.24%
MSFT $ 35.06 0.19  0.54%
WCRX $ 19.60 0.39  2.03%
SIRI $ 3.49 0.01  0.29%
FB $ 25.76 0.49  1.87%
S $ 7.29 0.03  0.41%