Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for Latvia > News item |
Emerging markets finish with a yawn; investors focus on holiday, ready to embrace risk in 2010
By Christine Van Dusen
Atlanta, Dec. 24 - Emerging markets finished the holiday-shortened week the same way it started: quiet, with little movement from issuers and some optimism from investors as both looked ahead to the New Year.
"It's totally, 110 % dead," a New York-based trader said on Friday. "There's nothing at all."
Treasury prices fell again to their weakest levels in several weeks and the yield curve remained steep on news that consumer spending was up slightly and weekly jobless claims declined, sparking hope that economic recovery is on the way for the United States and giving investors more reason to consider riskier assets.
That had investors thinking about 2010 and possible new issues from Latvia, the Dominican Republic, the Philippines and possible movement from Brazil, Colombia, Iran, Kenya, Mexico, Turkey and Russia.
But for Thursday, most of the focus was on closing up shop for the week and heading into the holiday.
"There's no one here to trade," another market source said. "There is nothing going on today."
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.