News Formal

Emerging stocks, currencies diverge as markets price U.S. Fed easing

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 37 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 53%
  • Publisher: 50%

Bonds Noticias

Business,Company News,Financials

The benchmark indexes for emerging-market equities and currencies, respectively, moved in opposite directions Monday, deepening a trend that emerged last week, when their short-term correlation was interrupted for the first time in 21 years.

Srinivasan Sivabalan and Colleen Goko --

Last week’s unwinding of the yen carry trade led to a weaker dollar index, “but an overall weakening eqiuty market selloff,” said Rajat Agarwal, Asia equity strategist at Societe Generale SA. “Now, we are starting to see some strength in the dollar coming back but stock markets are stabilizing faster given the sharp selloff.” He said he expected the traditional correlation to return “when re revert to more normal market conditions.

But the bigger markets action in China was in 10-year yuan bonds, with the benchmark yield heading for the biggest increase since February. The securities had extended recent declines as the central bank warned about potential risks arising from the relentless rally in debt markets.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 83. in ES
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Fed responds to economic data, not politics or stocks, says Chicago Fed's GoolsbeeThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Fuente: KitcoNewsNOW - 🏆 13. / 78 Leer más »

Fed responds to economic data, not politics or stocks, says Chicago Fed's GoolsbeeChicago Federal Reserve Bank President Austan Goolsbee on Thursday reiterated that the central bank's job is not to respond to stock market routs or...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »