Investor AB, the largest shareholder in Electrolux AB, said it’s confident that the Swedish maker of home appliances is taking the correct steps to meet weak demand even after its share price slumped by a third in three years.
Global stocks tumbled the most since June, as the biggest drop in emerging markets in two months prompted investors to seek havens in Treasuries, German bunds and yen. Natural gas reached a three-year high.
U.S. stocks fell for the week, giving benchmark indexes their biggest losses since 2012, as a selloff in emerging-market currencies and signs of weakness in China spurred concern that global growth will slow.
Could 2014 be the year for homebuilder ETFs? They've bounced back after lagging the S&P 500 last year, with the Bloomberg Americas Home Builders Index up 8 percent in the past month, double the S&P 500's gain.