EMerging Equity
EM Currencies
Will The Fed Have To Save Emerging Markets With QE4?
By Charles Hugh Smith The risk-off tide is rising, and sand castles of QE will only hold the tide back for a brief period of apparent calm. A funny thing happened on the way to permanently expanding global markets: unintended consequences. Borrowing cheap, abundant U.S. dollars seemed like a good idea when the dollar was declining, … Continue reading
Chinese Authorities: Stock Market Bubble Has “Burst”, Economy To Face Tough Conditions Over Next Decade
China’s stock market bubble has “burst” and its economy is likely to face “tough conditions” over the next decade, Chinese authorities were reported to say during the Group of 20 nations (G20) meeting in the Turkish capital of Ankara over the weekend, the Nikkei Asian Review reports. Zhou Xiaochuan, the Governor of China’s Central Bank, the People’s Bank … Continue reading
The Petrostate Hex: How Plunging Oil Prices Affect Currencies
By Jeff Desjardins, Visual Capitalist Every day, the world consumes 93 million barrels of oil, which is worth $4.2 billion. Oil is one of the world’s most basic necessities. At least for now, all modern countries rely on oil and its derivatives as the backbone of their economies. However, the price of oil can have significant swings. … Continue reading
The Emerging Market Rout: How Much Further Can EM Currencies Weaken?
By Andrés Velasco With the currencies of Malaysia, Indonesia, South Africa, Turkey, Brazil, Colombia, Chile, and Mexico hitting record lows recently, currency traders around the world are asking: How much further can emerging-market currencies weaken? The standard approach to answering this question takes a relatively normal base year and measures how much a country’s currency … Continue reading
Global Stocks Higher As China Lowers Rates
The People’s Bank of China has lowered its interest rate for the fifth time since November boosting European stocks higher in afternoon trading. The one-year lending rate has been reduced by 25 basis points to 4.6%, which is record low for China, according to Bloomberg. Lu Ting, chief economist at Huatai Securities Co. said the … Continue reading
Chinese Stock Markets Crash One More Time And Extend Biggest Losses Since 1996
“Chinese shares plummeted to extend the steepest four-day rout since 1996 on concern the government is abandoning market support measures,” Bloomberg reports. According to the news agency: The Shanghai Composite Index tumbled 7.6 percent to 2,964.97 at the close, sinking below the 3,000 level for the first time in eight months. The gauge has … Continue reading
ADB Throws $1B Lifeline To Kazakhstan To Help Counter Economic Slowdown
The Asian Development Bank (ADB) said on Friday that it has approved a loan of $1 billion for Kazakhstan in an effort to help counter an economic slowdown driven by a tumble in global oil prices that forced the nation to devalue its currency, the tenge. “This loan from ADB’s Countercyclical Support Facility will give the country the fiscal leeway … Continue reading
Latin American Currencies In ‘Eye Of Storm’, Could Fall 10% In Coming Weeks, SocGen Warns
Latin American currencies are in the ‘eye of the storm’ as currencies of Brazil, Mexico, and Chile could fall as much as 10 percent in the next few weeks amid tumbling commodity prices, growth concerns in China, renewed Fed fears, and a deterioration of domestic fundamentals, Societe Generale (SocGen) said in a bearish report published on Tuesday. SocGen is advising … Continue reading
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