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
Anthony and James talk about how regulators in the US are falling behind other nations' regulators, the lack of talk about Reg AT, and an SRO for cryptocurrencies.Subscribe to Weekly Wrap emails