Subscribe to the BlogThe US stock markets hit a multi year low two months back and many other global stock markets were also wilting down due to the domino effect. And in the last two months some sanity seems to be returning back to the global stock markets, with the Chinese and Indian stock markets showing some strong recovery.
Even the US and European stock markets have shown some smart recovery from the record low levels. There are enough signs of further acceleration in the stock prices of emerging economies including China, India and Brazil.
Of the developed countries, Australia alone is expected to get back into high growth path , thanks to the abundant iron ore and coal reserves. The coal and iron ore prices have recovered by over 30% in the last two months and further recovery is expected in the coming months, as China is again buying these commodities aggressively.