While acknowledging the current threat of hot money rushing into developing markets that can just as quickly flush out, the International Monetary Fund says the danger in the Philippines remains low. "Emerging Asia faces these same risks, including the Philippines. Our basic assessment, though, is that the risks here, so far, are low compared to those in other countries," said Anoop Singh, the IMF's Asia-Pacific director.
Citing a number of enduring and favorable factors, an Ernst & Young analyst says India remains prime ground for merger and acquisition activity. "Look historically, what India has achieved. ... If you compare other countries, many don't have the population, stability that India has been trying to produce in the last 10 years," said E&Y Global Vice Chair Phillipa McCrostie.
Signs of a stabilizing yen after its recent sharp fall against the U.S. dollar are causing some currency traders to hedge their bets against a further drop. Although Prime Minister Shinzo Abe's preferred candidate for the Bank of Japan is now in place, investors said they now need to see concrete moves toward growth stimulus before the currently consolidating yen resumes its downward path.
An unexpected fall in a gauge of U.S. consumer confidence put a damper on shares in Europe and the U.S. on Friday. The Stoxx Europe 600 fell 0.36% to 297.44, and the S&P 500 edged down 0.16% to 1,560.70. Here is a continuously update list of global stock indexes.