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

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.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

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.
Sumber: KitcoNewsNOW - 🏆 13. / 78 Baca lebih lajut »

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...
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »