Tag: emerging markets
Morgan Stanley says it expects developing-nation currencies to depreciate about 2% against the greenback in the coming month.
Tokio Marine is looking abroad to diversify geographic risk and make up for diminishing prospects at home as the population shrinks.
While a falling currency could boost exports, central banks are signaling their goal now is to stem investor flight.
'It’s more important now than ever to look at EM not as one block that you can go in and out of, but to differentiate a little bit.'
Indexes of developing-nation currencies and bonds declined in the holiday-shortened week.
The reorganisation is a reaction towards policymakers who are increasingly empowered to regulate the company’s core businesses.
Malaysia’s ringgit was their favourite of eight regional currencies, while for bonds, China was the top pick.
Michael Garcia wants to apply his expertise of Philippine shares to Vietnam and Myanmar.
Only one country, Malaysia, will keep them on hold, while Nigeria, India, China and Turkey are set to cut their rates.
Some fund managers are betting that emerging market stocks will post outsized gains in 2019.
Leading the charge among currencies was the Turkish lira, one of last year’s biggest losers.
Almost all emerging Asian currencies are expected to weaken by the end of June.
At 6pm, the ringgit stood at 4.1620/1670 versus the greenback from Wednesday’s close of 4.1640/1670.
Finance ministers for developing nations in the Group of 24 economies urged major economies to reform the global trading system, rather than discard it.
Malaysia has benefited from the situation due the country's positive commodity exports, unlike the majority of emerging markets which are negatively impacted by the increase in commodity prices.
When oil prices declined in 2014, many governments including India and Indonesia, increased fuel taxes or removed subsidies leading to record high retail fuel prices as crude prices rose.
Emerging-market assets continued to rally off the lows seen earlier this month as some investors suggested the rout was overdone.
Given the uncertainty, the money manager is keeping a net neutral dollar position, while making trades including shorting the Philippine peso, as well as betting the Aussie will decline against the New Zealand dollar.
Investors nerves have been raw since US President Donald Trump said he was ready to impose tariffs on virtually all Chinese imports into the US, increasing chances that the trade row between US and China would hit global growth.
Traders are awaiting the outcome of talks between the Argentine government and the International Monetary Fund that began last week.
The yen retains gains spurred by a Wall Street Journal report that President Donald Trump may turn his sights on trade with Japan.
Despite that, analysts say prices are curbed by a rise in refined product stocks and a relatively weak US peak fuel consumption season this summer.
Should a crisis strike — say, contagion from Turkey — investors in emerging markets will be exposed to risks that they simply aren’t prepared for.
Here’s a run through ten large emerging market oil consumers, how they’re responding to higher fuel prices, and what might happen next.
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