BUSINESS MAVERICK ANALYSIS: Emerging markets given a reprieve ahead of central bank meetings

September started out on a better note for emerging markets after their torrid August. How long-lasting their time in the sun will be, however, remains to be seen.

The early September return of risk-on sentiment to financial markets, however, has been predominantly a response to both the news that a Chinese delegation is due to visit the US to discuss trade relations and in anticipation of widespread central bank monetary accommodation over the next couple of weeks. With so much at stake, it is far too early to say whether the rosier conditions are here to stay.

The week after, the US Federal Reserve meets and markets are pricing a 100% probability of at least a 25 basis point cut from the Fed on 18 September. Over the next 12 months, the market is pricing in a greater than 50% probability of 100bps of cuts from the Fed. Investec Treasury economist Tertia Jacobs considers what government could do to revive confidence over the second half of the year, which will be critical if we want to see growth sustained at the 3% level it achieved in the second quarter. She says South Africa needs a social compact based on a cohesive political response; something that has been lacking for many years.We need some kind of political and policy interventions because so far politics have failed the economy.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Maverick Citizen: Global Strike Countdown: The climate crisis is everybody’s businessIf the people of planet Earth, including the inhabitants of SA, see fit to rise to the call of Greta Thunberg and young people across the world, the global ClimateStrike planned for 20 September 2019 will make history. The strike’s focus is the UN Climate Action Summit taking place in New York from 21-23 September. A global strike is a world first, its demands are simple: that governments and the private sector act NOW to drastically reduce carbon emissions.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »

Business Maverick: China’s Stimulus Debate Is Still Alive After Grim Trade DataThe contraction in China’s trade in August underscored what economists were already saying about the government’s stimulus efforts: they’re not yet enough to put a floor under the slowing economy.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »

Business Maverick: Monday, September 9: Five Things You Need to Know to Start Your DayHong Kong’s violence continues despite concession, China’s exports tumble as tariffs bite, and Asian markets are set for a muted open Monday. Here’s what’s moving markets.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »