Bundesbank Unfazed by Emerging Markets,

The turbulence experienced in emerging markets early this year is insufficient to derail a recovery in the global economy, which could strengthen during 2014, Germany's Bundesbank said on Monday.  Currencies in Turkey, South Africa, Hungary and Russia suffered major sell-offs over the past month before recovering slightly after central banks fought back via interest rate hikes or exchange rate interventions.

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Emerging vs. Developed? What If It’s Not a Competition?

Selling emerging markets and buying into developed ones has been the consensus call since the U.S. Federal Reserve broached the idea it would taper its asset purchases, but what if the two spheres aren't really in opposition?  "The general thesis they have – which most people have – is that there's going to be a strong recovery in the developed markets and as a consequence, particularly because of the Fed tapering action, the emerging markets will tank," said Piyush Gupta, chief executive of DBS Group, at a presentation to private banking clients.
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