The Procter & Gamble Co. (NYSE: PG), the world's largest manufacturer of consumer products, slashed its global earnings estimate for 2014, due to its endevours in emerging markets.
Citing unfavorable foreign exchange rates and currency devaluation in Argentina, Turkey, Venezuela, and other developing countries, the company expects a wide impact on its profitability.
The New York Times reports that P&G now foresees its growth in the 3% to 5% range, down from a previous forecast of 5% to 7%. The stock is down less than 1% in early-morning trading... Read more.
More Bad News For Emerging Markets Today
Market watchers have been pointing to sell-offs in emerging markets like Turkey, Argentina, and Thailand as a reason to be cautious about investing in stocks today.
But falling share prices aren't a problem if you know where to look... Read more.
Many emerging markets, which rely heavily on trade in goods and commodities with China, declined this morning.
India fell 1.25%, Japan shed 2.45%, and Thailand dropped 0.7%. The weak PMI data also lead to declines in gold prices, silver prices, and copper prices.
For investors in search of growth in 2014, one of the best places to look is in emerging markets, particularly in the often-neglected region of Latin America.
While most of the talk about investing in emerging markets over the past several years has focused on Asia, particularly China and India, Latin America has been quietly enjoying a nice little boom of its own.
But several of the emerging markets of Latin America should perform much better than the regional average. Read more.
Emerging Markets 2013: The Unsung Gems of Latin America
For investors in search of growth in 2013, one of the best places to look is in emerging markets, particularly in the often-neglected region of Latin America.
The Buying Opportunity in Today's Emerging Market Sell-offs
Market watchers have been pointing to sell-offs in emerging markets like Turkey, Argentina, and Thailand as a reason to be cautious about investing in stocks today.
Read more stories about emerging markets.
Emerging Markets: Is This A "New Chapter" for Turkey?
In 2012, Turkey was the best performer among the emerging markets we track on our Periodic Table showing a decade of returns. All developing countries rose last year, but stocks in Turkey climbed an astounding 56 percent.