|Bid||0.00 x 1200|
|Ask||0.00 x 800|
|Day's Range||41.52 - 42.31|
|52 Week Range||41.13 - 52.08|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.69%|
Chad Morgenlander, Washington Crossing Advisors co-founder, and Lisa Erickson, U.S. Bank Wealth Management SVP, discuss how worried investors should be as the emerging markets trade lower amid the Turkish financial crisis.
Jan Dehn, Ashmore Group head of research, and Danny Tannenbaum, PwC global sanctions leader, discuss the global equity and currency market impact of Turkey's currency crisis.
As Turkey contagion was unable to infect the capital markets thanks to an immunity injection of renewed talks between the United States and China to settle their trade differences, the Dow Jones Industrial ...
Turkey’s financial crisis didn’t gobble the bull. As a result, emerging market and euro-zone bank stocks don’t seem as radioactive as they did last week. Exchange-traded funds owning these stocks suffered as investors pulled money out on fears of a Turkey contagion.
Emerging markets have been ravaged by the bears. Among the hardest hit, Turkey's TUR ETF TUR has tanked 50 percent this year, China's FXI ETF FXI has tumbled 12 percent and Indonesia's EIDO ETF EIDO has plummeted 21 percent. The EEM emerging markets EEM ETF tipped into a bear market on Wednesday after falling more than 20 percent from its 52-week high set in January.
Stock indexes pared losses Wednesday after the day's broad losses left the market looking to a key indicator for signs on its future direction.
It appears the United States and emerging markets are playing an interest rate game of "follow the leader," as central banks around the globe are feeling the ripple effects of the U.S. being in pole position with regard to monetary policy. From a case-in-point perspective, the iShares MSCI Emerging Markets ETF (EEM) has been going the opposite direction compared to interest rates in the U.S. Since March, EEM has relatively traded below its 50-day moving average. Raghuram Rajan, a former governor of the Reserve Bank of India, is all too familiar with the ripple effects rates are having on emerging markets.
At a time when the major indexes in the United States capital markets are nearing record levels, Turkey's economic crisis and its contagion returned with the Dow Jones Industrial Average dropping over 200 points. The turkey contagion continues to infect the markets, evoking a risk-off sentiment for investors domestically and internationally. With Turkey caught in the middle of an economic hurricane, Turkish bonds have rocketed past the 20% yield level.
BAML (Bank of America Merrill Lynch) conducted a survey that polled 243 global investors with $735 billion in total assets under management from August 3 to 9.
Emerging markets and banks are among the biggest casualties in the recent decline of the Turkish lira, but there will be some winners in the economic crisis as well.
The widely followed MSCI Emerging Markets Index tumbled again Monday amid ongoing turmoil in Turkey. The Turkish lira hit another record low against the dollar. In an effort to prop up the currency, the ...
Technically speaking, the bull trend for U.S. stocks has absorbed a respectable mid-August downturn — at least so far, writes Michael Ashbaugh.
Futures Bounce, Emerging Market Collapse Subsides Stock futures are up in the United States as the US dollar has declined slightly versus a basket of emerging market currencies that have finally found their footing overnight, for now. Emerging Market stocks (NYSEARCA:EEM) have stabilized as well, though the question is for how long. Is this a […] The post Market Morning: EM Rout Halts, Erdogan Threatens Apple, Bayer Gets Rounded Up appeared first on Market Exclusive.
Turkey's financial crisis doesn't look like it will end anytime soon, after President Recep Tayyip Erdogan doubled down on his opposition to higher rates today. Turkey makes up less than 1% of the emerging markets index, but its small size hasn’t kept it from creating big ripples during the dog days of summer. Most investors are steering clear of Turkey, as it grapples with the fallout from years of binging on dollar-denominated debt, but the bigger question is who else could get caught up in Turkey's crisis.
U.S. equities are extending to the downside on Monday, with the Dow Jones Industrial Average falling further away from its 20-day moving average to cap a three-day losing streak. Watch for a looming test of the 25,000 level, which has been repeatedly crossed — on the upside and the downside — numerous times since it was first breached back in January.
Turkey's economic crisis and the slide in the lira has stoked fears of an emerging markets contagion. EM shocks are nothing new, or unexpected, though some recent factors need to be on the radar of investors: the strength of the U.S. dollar, tariff policy and years of emerging markets dollar-based borrowing. Long-term investors should be prepared to ride out volatility in emerging markets.
Emerging markets are enduing a drubbing as an old-fashioned currency crisis in Turkey takes a toll on investor appetite, but the episode also serves as a reminder that Europe’s banking system continues to be seen as a threat to global growth and developed markets.
Turkey's currency crisis is reminiscent of other debt emergencies across the globe, but differs in some key ways. Whereas other crises have been fueled primarily by government debt, Turkey's is more of a corporate story, making a buyout more problematic. "Risks tend to be centered on lenders that get caught up in financial crisis," said John Stoltzfus, CIO at Oppenheimer.
It was the tweet heard around the U.S. capital markets last week when Tesla co-founder and CEO Elon Musk announced he was mulling the idea of taking the Palo Alto, California-based company private. Apparently, it was also the tweet heard around the world as Saudi Arabia's Public Investment Fund is purportedly one of the suitors vying to get a piece of Tesla, which could be beneficial for one particular ETF--the iShares MSCI Saudi Arabia ETF (KSA) . Musk used Tesla's company blog as a sounding board for this latest development, citing that Saudi Arabia approached him on more than one occasion.
Usually, gold (GLD) is considered to be a “safe-haven asset” and gains due to economic or political turmoil. The latest evidence is Turkey’s economic and currency crisis. On August 13, gold prices (IAU) fell to 17-month lows despite the raging crisis in Turkey, which also seems to be spreading to other regions.