The S&P 500 rose 0.7% on positive comments from the Chairman of the Federal Reserve while Stoxx Europe 600 Index (SXXP) dropped 1.8% as Greece’s prime minister asked for a two-year reprieve from cutting government spending. MSCI Asia Pacific Index (MXAP) slid 0.4% on signs of slow growth in the two largest economies in the world and concern over the Euro zone. Brent crude fell 12 cents after reports that IEA is likely to tap strategic oil reserves as soon as September.
What is the risk of escalating tensions in the Middle East contributing to higher oil prices especially given India’s dependence on Iranian oil?
Floating rouble could bring equity investors rich rewards
Vietnam is experiencing doubtful growth prospects with an emerging slump in its urban real estate sector.