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Problems of emerging markets keep accumulating
Problems of emerging markets keep accumulating after fresh comments of Trump’s administration on protectionist measures, Bloomberg reports. Currencies and stocks on these markets are ready to show the worst quarter since September 2015.
Problems of emerging markets keep accumulating after fresh comments of Trump’s administration on protectionist measures, Bloomberg reports. Currencies and stocks on these markets are ready to show the worst quarter since September 2015.
Each currency tracked by Bloomberg declines. Chinese yuan has been falling for 10th day in a row. This is the longest period since March 2014. Argentinian Merval suffers the biggest losses among indexes after disappointing economic data.
New splash of conflict between US and China harms market’s mood and risk-appetite. Investor evaluate how much global growth will be restricted among increasing rates of US Fed and rising oil prices.
MSCI Emerging Markets Index lost 1,8% to 1048,99. CBOE Emerging Markets ETF Volatility Index rose by 12%.
Index Merval in Agentina fell by 8,8% to 25970,20. Peso lost 1,2%, its rate 27,440 per dollar. Index Ibovespa in Brazil declined by 1,4%. Real lost 1,9%, its rate 3,8747 per dollar. Index Shanghai Composite fell by 1,1%, yuan lost 0,3%, its rate today is 6,6020 per dollar.