This #Bloomberg chart showing the correlation between the #Turkish #Lira and other #EmergingMarkets currencies is but one illustration of the ongoing phase of technical #contagion in #EM #fx #markets. For background, this was posted early this morning: https://www.bloomberg.com/view/articles/2018-08-13/seven-things-to-keep-in-mind-about-turkey …
Traduire le Tweet

Asia stocks trading mixed, with DM Asia bouncing and EM Asia hit by #Turkey crash and soft China numbers. China’s July activity data missed across the board. Turkey Lira stabilizes for the moment, India’s Rupee at record low.
Le pessimisme Français n’est pas un mythe, la confiance n’est pas au rendez vous
Many people in France, Italy and Spain are pessimistic about their country’s current economic situation and have low trust in traditional institutions. https://pewrsr.ch/2mbL9ny
Traduire le Tweet


[Reuters] Asia tries to find its footing, China disappoints
[BloombergQ] Emerging Market Rout Eases After ‘Manic Monday’ Turkey Contagion
[BloombergQ] U.S. Warns Turkey Over Detained Pastor as Market Meltdown Drags On
[Reuters] China’s economy cools further, investment growth at record low
[Reuters] China’s July property investment grows at fastest pace in 2-years
[BloombergQ] Think Turkey, Argentine Sovereign Debt Is Bad? Look at Companies
[Reuters] China angered at new U.S. defense act, to assess content
