US rate cut was boost for equities

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Emerging equity markets began the year strongly following a dismal 2000. The main reasons for the po...

Emerging equity markets began the year strongly following a dismal 2000. The main reasons for the poor performance were the continued decline in forward-looking global growth estimates, the high oil price and the strong decrease in global technology valuations, as shown by the price action on Nasdaq. Furthermore, two emerging economies Argentina and Turkey had to approach the International Monetary Fund for rescue packages. The unanticipated Federal Reserve's easing of 50 basis points on 3 January, followed by the anticipated 50 basis points on 31 January, changed the global interest r...

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