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Biden defends US pullout of Afghanistan
FT News Briefing
Emerging Markets - The Chinese President Says Things That Investors Don't Like to Hear
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Some analysts call it a lost decade for emerging markets. But the f t robin wigglesworth says investors may have reason to be excited again. One of the reasons why emerging markets started the year well and then dragged again was china. The country accounts for anywhere, depending on the estimates, between 35 up to 50 % of all luxury goods sales in the world. Even a small change in demand there has a sort of outsize impact on the companies and their ow therefore their profitability and their sharepress.
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