LIVE MARKET UPDATE

Friday 7 February 2014

Global Stock Market Commentary by MarketMagnify



Any upbeat surprise in Friday’s closely-watched US non-farm payrolls report could bring some relief to battered emerging markets, some analysts say. That’s not what you might expect given that emerging markets from Turkey to Brazil and India have been hurt as the US Federal Reserve starts to unwind its monetary stimulus in light of a brighter growth outlook.
So any upside surprise today would be positive for emerging markets since they would find some consolation in that there would be some justification in taper if the US is growing,” he added. Economists polled by me expect the US economy generated 185,000 new jobs in January compared with 74,000 in December. The unemployment rate is seen steady at 6.7 percent. Last year, they were the two emerging markets in Asia not to touch with a barge pole. Yet for India and Indonesia, a few months appears to have made a big difference. The two countries have come off relatively unscathed in the latest bout of volatility to hit emerging markets amid a scaling back of the US Federal Reserve’s monetary stimulus and worries about the global growth outlook following weak data from the U.S. and China.

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