Markets respond to slowing global economic recovery
The S&P 500
fell 0.5% as slowing global economic recovery overshadowed speculations that the Federal Reserve may introduce new stimulus measures while the Stoxx Europe 600
added 0.5% after the positive remarks by the chairman of the Federal Reserve. The MSCI Asia Pacific Index
slipped 2.1% as reports from Japan, China and South Korea signaled a deepening economic slowdown. US crude
oil rose 0.7% after a volatile trading week.
The lesser known emerging markets such as Indonesia and Poland who quite possibly could significantly challenge the domain of the BRICs.
Is the Chinese economy due for a hard landing? Not necessarily