|Bid||25.01 x 100|
|Ask||31.00 x 900|
|Day's Range||25.03 - 25.34|
|52 Week Range||16.47 - 25.66|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.64%|
Oil and gold prices were rallying Tuesday morning, and the iShares MSCI Emerging Markets exchange-traded fund (EEM), off fractionally in opening trading, remained near a 52-week high. Among emerging-market ...
In Russia headlines, U.S. Congressional leaders reached an agreement on sanctions legislation against Russia over the weekend, citing U.S. presidential election meddling and aggression in Ukraine and elsewhere, according to numerous media reports. Today, President Donald Trump's son-in-law Jared Kushner will read a lengthy statement on the subject of Russia, but said before the market open that he "did not collude" with Russians and denied knowing the agenda of a June 2016 meeting with a Russian lawyer, The Guardian reports. The VanEck Vectors Russia ETF (RSX), which slipped 1.4% Friday, slumped by another 1% at the open of U.S. trading.
Emerging market assets move with commodity price trends, and oil prices matter, but "there are still opportunities for investors to earn good carry" despite the grind lower in oil prices, Goldman Sachs says. In fresh research, Strategist Caesar Maasry notes the emerging markets that would suffer most acutely from a steep drop in oil prices include Brazil, Chile, Colombia, Peru, Russia, and South Africa. The result is that global markets are not treating the decline in oil prices as a significant growth risk, as they did in early 2016 (for example, the S&P 500 is near record highs, but fell 10% during the oil draw down of January 2016).