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BFW 06/19 01:57 *MALAYSIA, SOUTH AFRICA, CHILE, PERU STOCKS CUT AT JPMORGAN BFW 06/19 01:57 *KOREA STOCKS CUT TO NEUTRAL AT JPMORGAN,MALAYSIA TO UNDERWEIGHT BFW 06/19 01:57 *RUSSIA STOCKS UPGRADED TO OVERWEIGHT AT JPMORGAN BN 06/19 01:56 *MALAYSIA, SOUTH AFRICA, CHILE, PERU STOCKS CUT AT JPMORGAN BN 06/19 01:56 *KOREA STOCKS CUT TO NEUTRAL AT JPMORGAN,MALAYSIA TO UNDERWEIGHT BN 06/19 01:56 *RUSSIA STOCKS UPGRADED TO OVERWEIGHT AT JPMORGAN BN 06/19 01:56 *EMERGING STOCKS BULL MARKET WILL CONTINUE IN 2H, JPMORGAN SAYS
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JPMorgan Sees Rally for Emerging Stocks on Growth, Profits 2014-06-19 02:18:24.304 GMT
By Bloomberg News June 19 (Bloomberg) -- JPMorgan says it’s confident that the emerging-market stocks bull market will continue into the second half because economic growth will accelerate and earnings growth will quicken next year. * Emerging markets are joining the “axis of easing,” with Chile, Hungary and Russia likely to join Turkey and Mexico in cutting interest rates, JPMorgan strategists led by Adrian Mowat wrote in a report dated today. * NOTE: EM stocks +4.6% this year * Shift to easing in many emerging markets will likely intensify inflows: report * Equities in Russia boosted to overweight {NSN N7DZNL6KLVSA<Go>}, while those in South Korea and Peru cut to neutral and shares in Malaysia, Chile and South Africa reduced to underweight: report * JPMorgan cuts Korean stocks due to outlook for Samsung Electronics and Hyundai Motor; investors concerned iPhone6 will hurt Samsung smartphone volumes and margins, while Hyundai share price not responding to automaker’s new models: report
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To contact Bloomberg News staff for this story: Allen Wan in Shanghai at +86-21-6104-3041 or awan3@bloomberg.net
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