Turkey is among the most vulnerable EM’s

Turkey is the only major emerging-market economy that runs a current-account deficit and doesn’t have positive real interest rates. That probably made it easier for investors to sell the lira, which was down more than 6 percent against the dollar at one point on Monday, following a diplomatic spat with the U.S. The recovery in the currency will likely require either […]

Asian markets are set for a higher opening

Nikkei futures traded in Chicago were up 0.44 percent at 19,360, while Osaka futures were off 0.54 percent at 19,170, at 6:20 a.m. HK/SIN. That compared with the Nikkei 225’s Friday close of 19,274.82. Down Under, SPI futures were mostly unchanged, trading lower by 0.1 percent at 5,667. The Dow Jones industrial average rose 0.06 […]

Hurricane Irma will hammer insurance industry

Hurricane Irma will create combined insured losses of $20 billion to $65 billion, according to a projection from risk modeling software company AIR Worldwide. The company includes in its estimate the United States and selected islands in the Caribbean. For the U.S. alone, insured losses are expected to reach between $15 billion to $50 billion, […]

What to expect from NFP today at 15:30

For the past 7 months, in 5 of them, NFP data was above expectations during 2017. The average increase in new hired workers is 184,000, which is almost as high as last year’s 187,000 and above the average increase over the past 8 years. Permanent demand for labor has pushed unemployment levels to a record […]

Emerging stocks are renewing highs thanks to strong economic data

Heightened risks on the Korean peninsula and the prospect of further policy tightening by the Federal Reserve haven’t stopped emerging-market stocks from climbing to near their highest level since September 2014. One reason for the resilience is the better-than-expected economic data. That could see fund flows continue to the end of the year, or at […]

The Japanese benchmark finds support at 200 moving average

While worries over North Korea’s missile launches may weigh on Japanese stocks, one technical level is providing some support, according to Naohiko Miyata, chief technical analyst at Mitsubishi UFJ Morgan Stanley Securities Co. The Nikkei 225 Stock Average fell below the 200-day moving average in intraday trading on Tuesday, but managed to close above it that day […]

Trump highlights in Springfield

Many regulations are unnecessary Other countries are unhappy when their GDP is only 7%, 8%, 9% GDP cane go much higher than 3% I don’t want to be disappointed by Congress Tax code is too complicated Other nations have better corporate tax code We’re working on NAFTA, we’ll see what happens.Hopefully can renegotiate NAFTA, if […]

Europe tech stocks lose link with U.S. economic surprises

Europe’s technology stocks have ceased tracking U.S. economic-data surprises. While a Citigroup gauge that drops on macroeconomic misses hasn’t recovered from tumbling into negative territory since a March high, the Stoxx 600 Technology Index has risen about 2 percent in the period. Deutsche Bank last week lowered its rating on the cyclical sector to underweight, […]

What can we expect today from BoE at 2:00 p.m.

Summer data appear to have given doves a boost ahead of Thursday’s Bank of England (BOE) rate decision, with just 2.5 percent of analysts polled by Reuters expecting a rate rise. The hawkish minority saw inflation – measured by the consumer price index (CPI) – consistently above the BOE’s target of 2 percent while unemployment […]