|Day's range||74,914.7891 - 76,339.9062|
|52-week range||68,645.0000 - 88,318.0000|
Emerging-market assets fell for a third week as investors digested Turkey’s promise to refrain from capital controls and moves by the U.S. and China to restart trade negotiations. Turkey’s credit rating was cut further into junk. The MSCI Emerging Markets Index fell 3.7 percent in its biggest weekly decline since February as of the U.S. close Friday, while a gauge tracking currencies dropped 0.8 percent.
in October in which a far-right military captain Jair Bolsonaro is leading the early polls, investors are facing the question — could Latin America’s largest country soon have its own Erdogan and what might this mean for markets? As with other emerging markets, Brazil’s real has felt shockwaves from the lira’s collapse, with the Latin American currency weakening against the dollar by 3.6 per cent since the start of the month.
Turkey may have helped buoy the lira, but the rest of the developing world is reeling -- with stocks on the verge of a bear market.
Emerging-market assets resumed declines as an escalation in trade clashes between the U.S. and China deterred risk-taking in an already fragile developing-market landscape. The MSCI Emerging Markets Index of stocks fell 1.7 percent, the most since June, while a gauge tracking developing-economy currencies declined 0.5 percent.
Emerging-market assets resumed declines as an escalation in trade clashes between the U.S. and China deterred risk-taking in an already fragile developing-market landscape. The MSCI Emerging Markets Index of stocks fell 1.6 percent, the most since June, while a gauge tracking developing-economy currencies declined 0.2 percent.
Emerging-market stocks and currencies extended gains into a third day as the U.S. dollar resumed losses amid a lull in the trade war.
Emerging-market currencies declined for a sixth straight week after the U.S. fired the first shot in a trade dispute between the world’s biggest economies. The gauge tracking the developing-market stocks declined 0.9 percent, while the Bloomberg Barclays index of EM local-currency government bonds climbed 0.1 percent.
An end-of-week bounce wasn’t enough to reverse the drop for emerging markets, whose stocks and currencies posted their worst quarter since 2015 amid escalating trade-war concern and weakness in China.
Emerging markets joined a rebound in riskier assets after a selloff that drove stocks and currencies to their worst quarter since September 2015 amid escalating tensions between Washington and Beijing....
Stocks in developing nations slumped as heightened concern that a trade war will sap global economic growth put equity gauges worth $8 trillion in a bear market. Currencies also retreated and are heading ...
“My current view on Brazil might best be described as ‘concerned’ that the movement for total government reform could slow as a result of the continued popularity of Lula and his supporters,” said Mobius, who left Franklin Templeton Investments earlier this year to set up Mobius Capital Partners LLP.
Brazil is no Turkey. Brazil's benchmark Ibovespa stock index fell as much as 6.51 percent, its currency weakened as much as 3 percent and the nation’s five-year bond yields topped 11.5 percent as concerns over the potential election of an anti-reformist presidential candidate and the fallout from a 10-day truckers’ strike rattled investors. Many credited the jaw-dropping moves with pulling down U.S. stocks and sparking a rally in haven assets such as Treasuries.
Treasury yields swung lower on Wednesday after trading higher in the morning. The 10-year Treasury note yield was down 5.5 basis points to 2.920%, while the 2-year note yield fell 3.2 basis points to 2.488%. The 30-year bond yield slipped 5.9 basis points to 3.070%.