Tuesday, October 20, 2009

Emerging Market Rally to Continue on Earnings, BNP Paribas Says

(Bloomberg) -- Emerging market stocks may add to their gains this year as earnings growth returns, according to BNP Paribas Investment Partners. Improving corporate earnings will overtake renewed “appetite” for risk and stronger developing-nation currencies as the main driver of the rally, said Roman Podkolzine, a product specialist for emerging markets at BNP Paribas. He prefers countries that rely on domestic demand for growth, including China, Brazil and India.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aY5pCwBsNR1Q

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