Emerging markets come of age

 Key points • Emerging nations carve their own path • Most important contributors to global economic growth • Trading patterns around the world changing • China pivotal to developments • Inflationary pressures begin to return   Summary The balance of global economic power shifted in 2009. Decisions made in the US and the developed nations of Western Europe are no longer driving global economic development. As the world began heaving itself out of the global crisis, it was emerging markets that led the way, according to HSBC’s Emerging Markets Insights, the bank’s annual report based on its Emerging Markets Index (EMI).    Looking to 2010, the data suggests that emerging nations will continue to drive the global economic recovery. HSBC EMI data for the final quarter of 2009 showed manufacturing and services output in emerging market economies growing at the fastest rate since Q4 2007.  

 New service to replace Premium SMS as online payment method   London, 21st January 2010: A new service from GoPayforit (www.gopayforit.com) has been launched to allow easier access to the Payforit and Web Payforit technologies. Now mobile application developers, blogs, WAP sites and websites can use GoPayforit to charge for content, membership, physical goods, or anything they may wish to sell.   Previously, online payments could only be completed using credit cards, Premium SMS or a dedicated service such as PayPal. However, these methods often proved to be complicated to set up and cumbersome for many potential customers, unlike the new Payforit system established by GoPayforit.   Using Payforit – the payment service supported by all licensed UK mobile operators – GoPayforit collects payment directly from the user's mobile phone bill or available credit if on PAYG, meaning anyone with a mobile phone can now buy content on their phone or online.

- UK at highest risk of a double dip, but UK equity market is attractively priced – 

- Taiwan could be one of the ‘success’ stories of 2010 –

London, 20 January 2010: Baring Asset Management (Barings) believes that a recovery in the cost of oil and the stabilisation of food prices after the falls seen last year mean that inflation is likely to continue to rise. How the authorities respond to this will be one of the key factors affecting the markets in 2010.   Given this, Barings’ favoured investment theme for the year remains a long-term play on real assets as they offer a degree of protection against the risk of rising inflation in the future. The fund manager continues to believe in the supercycle for commodity prices. 

LONDON, 20th January 2010 – Interxion, a leading European operator of carrier-neutral data centres, today announced an agreement with leading Italian brokerage and trading firm Nuovi Investimenti to colocate its trading platform at Interxion’s City of London data centre. The agreement, which follows the migration of the Borsa Italiana matching engines from Milan to London earlier in 2009, enables Nuovi Investimenti to reduce latency to Borsa Italiana as well as the London Stock Exchange, Chi-X and Eurex.

Located in the heart of the City of London, the Interxion data centre has ample space available and is ideally located for exchange members and their Direct Market Access (DMA) clients who want to connect to Europe’s major liquidity markets. The Interxion Financial Hub houses a large community of trading venues, broker-dealers, proprietary trading firms, hedge funds, and financial service providers.