Turbulent EMs witness inflationary pressures

Inflation pressures caused many emerging market central banks to tinker with interest rates last mon...

Inflation pressures caused many emerging market central banks to tinker with interest rates last month, according to Templeton Asset Management executive chairman Dr Mark Mobius. He flagged a general decline in July across all emerging markets, with concerns over global economic growth and rising inflation at the forefront. While China and India were the top performers, showing positive returns after recent corrections brought valuations down to more attractive levels. Elsewhere, Latin American markets gave back some gains recorded in the first half of the year, with Brazil and Argent...