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Emerging Markets: What Has Changed - Friday, June 16
Article By:
Marc Chandler
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Friday, June 16, 2017 3:05 PM EDT
In the EM equity space as measured by MSCI, Hungary (+1.3%), Indonesia (+1.2%), and Mexico (+0.9%) have outperformed this week, while Russia (-4.1%), South Africa (-3.2%), and Egypt (-3.0%) have underperformed.
Oil Price Weakness Will Unmask Reflation And Recovery Myth
Article By:
Paul Hodges
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Thursday, June 15, 2017 5:01 AM EDT
The OPEC/non-OPEC agreement to put a $50/bbl floor under oil prices has clearly failed. We can now expect deflation worries to return, as the myth of economic recovery is unmasked.
Qatar Is Running Out Of Dollars
Article By:
Tyler Durden
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Tuesday, June 13, 2017 3:08 PM EDT
To boost their hard currency reserves, Qatar banks are now offering a premium of as much as 100 basis points over LIBOR to attract dollars from regional banks, some 80 bps higher compared to the rate they offered prior to last week's crisis.
In this article: QAT
“This Is Much More Than A Spat”: What The Qatar Crisis Means For Global Energy Markets
Article By:
The Heisenberg Report
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Tuesday, June 13, 2017 9:54 AM EDT
One of the big unknowns here is what, if any, effect this will have on the OPEC production cut agreement and on energy markets more generally. Of course all sides are saying the agreement won’t be derailed, but that seems far-fetched.
OPEC Oil Production Rises Most In 6 Months, Hits Highest Since December
Article By:
Tyler Durden
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Tuesday, June 13, 2017 7:52 AM EDT
OPEC lowered forecasts for Russia production in 2H by 200k b/d, while the overall outlook for non-OPEC supply in 2H was reduced by 200k b/d, vs pledge of total reduction of ~558k b/d.
Oil Prices Break Three-Day Losing Streak
Article By:
Daily Forex
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Monday, June 12, 2017 9:52 PM EDT
Oil prices broke their three-day losing streak on Monday morning despite continued over demand and increasing production in the United States.U.S. drillers added eight oil rigs last week, bringing the total count to 741, the most since April 2015.
US Oil Production Makes Waves
Article By:
George Friedman
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Monday, June 12, 2017 4:17 PM EDT
There’s no end in sight to slumping oil prices—good news for consumers but a dire development for major oil producers like Saudi Arabia and Russia. And now, rising US oil production and exports are contributing to the slump.
The Next Cut Is The Deepest
Article By:
Phil Flynn
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Monday, June 12, 2017 9:22 AM EDT
Saudi energy minister, Khalid Al-Falih, was touring Russia over the weekend and suggested that there could be a further cut in oil production if oil inventories did not start to drop dramatically.
Emerging Markets: Preview Of The Week Of June 12
Article By:
Marc Chandler
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Sunday, June 11, 2017 4:52 PM EDT
EM FX was mixed last week but in general held up well in the aftermath of Super Thursday. The global backdrop seems relatively benign right now despite the FOMC meeting this week. We still think investors have to be picky.
Not Known For Patience
Article By:
Marvin R Clark
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Saturday, June 10, 2017 9:50 AM EDT
The Dow Industrials, S&P 500 and the Nasdaq Composite all hit intraday record highs – only the Dow managed to hang on for a record high close. Tech stocks have been on a roll recently. Not yesterday. Some of the biggest names tumbled.
Recession Hits South Africa: Avoid This ETF
Article By:
Zacks Investment Research
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Friday, June 9, 2017 5:04 AM EDT
South Africa’s economy has been hit by recession for the first time in eight years as it contracted an annualized 0.7% in the first quarter of 2017.
Qatar Faces Fallout From Diplomatic Struggles
Article By:
Daily Forex
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Thursday, June 8, 2017 7:26 AM EDT
Standard & Poor’s cut its long-term rating of Qatar by one level on Wednesday, from AA to AA- and put the country’s rating on CreditWatch with negative implications, indicating a good possibility of a further downgrade.
Market Talk - Wed., June 7
Article By:
Martin Armstrong
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Wednesday, June 7, 2017 9:10 PM EDT
US stocks were initially influenced by the declining oil price (-4.5%) following the inventory numbers. So much money on the side-lines will force hands soon but still plenty to play for.