Last week, emerging-market stocks hit a six-month low, after China announced that its non-manufacturing sector was growing at the slowest rate in over a year. Two days later, the stocks rallied by 1.8 percent—the biggest gain since January—on the back of renewed confidence that the European Central Bank would deliver a speedy resolution to the Eurozone crisis. The slump in western markets has been detrimental to growth in emerging markets, too.
Despite—or perhaps because of—this volatility, the
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails