Persistent conflicts in the Middle East and soaring oil prices above $100 have weighed on the performance of emerging market equities and currencies.
Gelonghui, March 13 | As the conflict in the Middle East continues to escalate, Brent crude oil remains above $100 per barrel, and emerging market stocks are heading for a second consecutive week of declines. The MSCI Emerging Markets Index fell nearly 2% this week, marking its second straight weekly decline and the longest losing streak since mid-October last year. Indonesia's stock market led the decline in Asia and is on the verge of entering a bear market. Analyst Jim Reid and others at Deutsche Bank wrote in a report: 'The market is clearly becoming increasingly concerned that this conflict could evolve into a prolonged confrontation.' They pointed out that uncertainty has reignited inflation concerns, pushing central banks...
Rupee Hits All-time Low; Analysts Expect Fall to 95 If Iran War Drags on
At 20:30 tonight, the U.S. January PCE may show an anomaly unseen for decades! Could this be another obstacle on the Federal Reserve's path to interest rate cuts?
Following the release of the CPI data, the market widely anticipates that this favored indicator of the Federal Reserve will 'take off.' Has an interest rate cut within the year become a distant hope? Additionally, this data was released prior to the outbreak of the Middle East conflict...
Express News | Ministry of Commerce: He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, will lead a delegation to France from March 14 to 17 for trade and economic consultations with the United States.
State Street Bank: Middle East conflicts reshape safe-haven demand, institutional dollar buying hits a two-year high.
State Street Bank noted that demand for the US dollar reached a nearly two-year high.
India's Inflation Accelerated in February