The companies using Portugal’s bleak outlook to their advantage
Peripheral Europe economies are diverging and investors should think of Spanish and Italian sovereigns as a rate trade, not a credit play, explains Carmignac's Sandra Crowl.
Portugal's financial crisis worsened today as the country's bond yields spiked above 8% and shares plunged, following the resignation of several key politicians.
Emerging markets have had a rough time recently. Over the past two and a half years, their economic performance has stayed behind that of developed markets.