Bric market volatility sign of correction not a major crisis

Templeton star Mark Mobius sees the latest falls in Brazil, Russia, India and China (Bric) as a correction, not the end of the market bull run. According to MSCI data, its Bric index fell to 213.553 points on 31 May from a high of 243.114 on 28 April. This compares to 226.803 as at 31 March, 224.531 on 28 February and 217.437 on 31 January. Despite this, currently there are no strong signs of a global economic crisis although there are concerns regarding the US fiscal and trade deficit, according to Mark Mobius at Franklin Templeton Investments. He says: "The emerging market volatility...