Date: 8 months ago   Category: Economy

Crisis of emerging markets continues to gain steam, - the financier


How the latest events have affected the world financial markets and what to expect from them to investors in the nearest future, the financier, the teacher of the Edinburgh business school Ivan Kompan writes.

Friday news have added uncertainty in already not a really clear situation, the expert notes. "Modern times" report about it.

Foreign trade. The U.S. President has told that tariffs for the Chinese import of $267 billion are ready to entry into force, "ready to go". So, the short truce in fronts of trade wars, it seems, comes to an end. Even Apple (-0.81%) which has already stated that the offered tariffs will concern some of her products can fall a victim of a new round: Apple Watch, AirPods and Pencil Apple.

of Any positive statements for results of the American-Canadian negotiations on the trade agreement of NAFTA hasn't been made so they have, it seems, ended without results. And it will only add to investors of pessimism.

Macroeconomic. The most anticipated macroeconomic report of week, about a condition of labor market, hasn't brought joy too. Labor market is still strong, but here growth of compensation in August, in not the agricultural sector (non-farm payrolls), there were at the level of 0.4% by last month and 2.9% in annual measurement, and it is higher, than it was expected. So, the fears connected with inflation and with possible more aggressive increase in rates, materialize again.

in general, for a week of value of indexes have decreased: S&038; P 500 (-1.0%), Dow Jones (-0.2%) and Nasdaq (-2.6%).

On Friday 10 of 11 sectors of S&038; P have finished day with decrease, though insignificant. Have most lost the real estate (-1.24%); municipal (-1.20%) and raw material companies (-0.54%). With growth only one sector - health care (0.15%) has finished day.

October futures for WTI on Friday have fallen on (-0.1%) up to $67.75.

After publication of the report on labor market profitability of US Treasuries has grown along all length of a curve. Both two - and ten-year-old were added on 6 бп, to the levels of 2.94% and 2.69%, respectively.

of U.S. dollar index, measuring force of the American currency concerning a basket from six main world currencies, has grown on (0.4%), to a mark 95.34. Hi to emerging markets! Couple of EUR/USD are trading at the level of 1.156.

Futures for gold have decreased and bargain at the level of $1,201.8, for ounce. to wait for

of What this week
of
the Macroeconomic. On Thursday data on consumer inflation in August will be published. It is expected that in comparison with the last month basic inflation will grow by 0.2%, as well as in July.

On Friday waits for us the report on retails in August. It is predicted that the actual results will confirm an excellent situation that in an e-retail segment that in traditional. It is predicted that without cars retails will grow by 0.5%, in comparison with July.

Foreign trade remains a hot topic and, most likely, history with the Chinese tariffs one of the main catalysts for will be led

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