Turkish woes affect Latin America

Latin America markets have come under pressure as investors have become more risk averse. News emanating from the US has been depressing, with the downturn likely to be wider reaching than previously thought. Crucially, there has been a continued slowdown in the technology sector, with the Nasdaq surrendering all its earlier gains, while an unusually high level of negative earnings revisions are adding to the gloom in the financial market. Nonetheless, expectations of another rate cut by the Federal Reserve, unscheduled or otherwise, have limited the extent of the downturn. The ...