Salient to Investors:
Laurentia Amica Darmawan at PT First State Investments Indonesia said the currency issue is the biggest risk factor in the foreseeable future for Asian companies, and will continue until we have clarity on how long global monetary easing will last.
Credit Suisse lowered Turkish banks to neutral from positive, saying the net interest margin peaked in 2012 and they are vulnerable risks ignored by the market.
Goldman Sachs has a negative outlook for aluminum prices.
The MSCI Emerging Markets Index trades for 11 times estimated earnings versus the MSCI World’s multiple of 13.6.
Citigroup said emerging-market equity funds attracted funds last week, the seventh week stocks lured more funds than bonds.
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