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Oil Cuts: Saudi’s Economy Contracts For Two Consecutive Quarters
Article By:
Samed Olukoya
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Monday, October 2, 2017 4:23 AM EDT
Saudi Arabia’s economy contracted in the second quarter following OPEC and non-OPEC oil cuts agreement reached in November 2016.
In this article: OIL
Emerging Markets: Preview Of The Week Of October 2
Article By:
Marc Chandler
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Sunday, October 1, 2017 6:02 PM EDT
EM FX firmed Friday, but capped off a bad week overall. We remain negative on EM, and believe selling pressures are likely to persist in Q4.
Emerging Markets: Which Prices To Watch In 2017 And 2018
Article By:
Taki Tsaklanos
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Saturday, September 30, 2017 4:24 PM EDT
Emerging markets are in great shape in 2017. But it appears that questions remain still unanswered: for 2017 and 2018 when will emerging markets become super bullish, when will they turn bearish and when are they neutral.
In this article: EEM
CBN Intervenes With Fresh $308.5M
Article By:
Samed Olukoya
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Saturday, September 30, 2017 11:25 AM EDT
The Central Bank of Nigeria on Friday injected another $308.5 million into the foreign exchange market.
Nigeria’s Manufacturing Sector Sustains Growth For Sixth Consecutive Month
Article By:
Samed Olukoya
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Friday, September 29, 2017 4:22 AM EDT
Nigeria’s factory production continued to grow in September, according to the Central Bank of Nigeria report released on Thursday.
Hyperbitcoinization? Bitcoin Trades At 85% Premium In Zimbabwe - Priced At $7,200
Article By:
Tyler Durden
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Wednesday, September 27, 2017 2:29 PM EDT
The use of Bitcoin in Zimbabwe has grown exponentially as the government has begun to stop all credit card payments and has restricted the flow of cash into and out of the country.
In this article: BITCOMP
Naira Gains Marginally, Closes At N366/$
Article By:
Samed Olukoya
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Tuesday, September 26, 2017 3:42 AM EDT
The Naira appreciated slightly on Monday after trading at N369 for two weeks.
Brent Crude Oil Jumps To 26-Month High As Kurds Holds Referendum
Article By:
Samed Olukoya
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Monday, September 25, 2017 3:00 PM EDT
Brent crude oil rose to a 26-month high on Monday after Turkey threatened to block Kurdish crude oil shipments passing through its territory to punish the Iraqi region for holding an independence referendum.
In this article: BNO
Brent Crude Spikes To Highest Since July 2015
Article By:
Tyler Durden
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Monday, September 25, 2017 11:48 AM EDT
North Korean war-talk has extended early gains for Brent Crude (driven by anxiety over the post-Kurd-referendum fallout), pushing prices to their highest since July 2015.
Emerging Markets: Week Ahead Preview - Sept. 25
Article By:
Marc Chandler
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Sunday, September 24, 2017 5:58 PM EDT
EM FX was mostly firmer on Friday, but capped off a week of broad-based losses. US rates gave back some of post-FOMC rise, and that weighed on the dollar. There's not much in the way of US data until Friday’s core PCE reading and Chicago PMI.
Emerging Markets: What Has Changed - Sept. 22
Article By:
Marc Chandler
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Saturday, September 23, 2017 5:54 PM EDT
In the EM equity space as measured by MSCI, Chile (+1.8%), Korea (+1.6%), and the Philippines (+1.3%) have outperformed this week, while Peru (-3.3%), Turkey (-3.0%), and India (-1.5%) have underperformed.
Trump’s October Surprise Supports Oil
Article By:
Kurt Kallaus
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Friday, September 22, 2017 4:33 AM EDT
Trump will surprise Oil markets in mid-October with new sanctions on Iran at a time when excess US petroleum inventories are in decline.Oil prices are headed for $60+ in 2018 breaking out of this 18-month trading range.
The Low Oil Price Guts Another OPEC Oil Exporter
Article By:
Steve St. Angelo
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Wednesday, September 20, 2017 10:40 AM EDT
The low oil price is negatively impacting another OPEC oil exporter as it continues to liquidate its foreign exchange reserves. Algeria, like Saudi Arabia, has seen its international reserves plummet by more than 40%.
