In developing markets, the sale of shares lasts for 222 days already, of currencies - 155 days, of currency bonds - 240 days, Bloomberg reports. This is the largest sale of assets since the financial crisis of 2008. Some strategists argue that the scale of the current collapse for investors in the assets of developing countries has become a comprehensive crisis of confidence. The currencies of developing countries have fallen to a minimum since May 2017. At the same time, the Argentine peso, Turkish lira and Indian rupee fell to unprecedented low levels. According to the Institute of International Finance, the influx of portfolio investment in developing countries declined to $2 billion 200 million in August from $13 billion 700 million in July on the backdrop of increased trade tensions, the prospects for raising interest rates and strengthening the US dollar.
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
The dollar fell again on Tuesday as the U.S. economy drops into stagnation, while investors await the latest outlook from the Federal Reserve and the passage of the U.S. coronavirus fiscal stimulus. The dollar’s decline lifted gold prices ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
Asian markets are poised to start with a firmer tone on Friday, disregarding an overnight decline in U.S. stocks. The decline was mainly from the United States’ move of debating new economic stimulus in a bid to salvage the virus-beaten ...