Tag Archives: FOMC

Emerging markets morning brief

Overnight equity markets were under pressure from commodity prices and poor earnings results ahead of U.S. Federal Reserve Chairman Ben Bernanke’s eagerly awaited speech tomorrow at the Jackson Hole central bank summit. Hong Kong lead emerging markets lower by 1.19% as the entire region closed in a sea of red ink.

Asia China India Market Updates

Emerging markets morning brief

Overnight emerging markets continued to seesaw, shifting between risk-on and risk-off sentiment ahead of the Jackson Hole summit this weekend and the ECB meeting September 6. The seesawing action is clearly seen in China, where equities that scraped and fought to be in green in the prior session are now in the red after last night’s session.

Asia China India Market Updates

QE-maybe: Middle East shares rise on QE3 speculation

The US Federal Reserve released its much anticipated minutes Wednesday last week, with the upshot that if the economy did not improve then a third round of quantitative easing (QE3) was possible. In the recent past such news was enough to send U.S. stocks higher, but the S&P 500, Dow Jones Industrial Average, and tech-heavy NASDAQ all closed lower for the week. The Middle East was a different story.

Charts ETFs Investing Middle East & Africa

The Fed just said buy gold ETFs in emerging markets

The release of the Fed minutes showed that further quantitative easing — a possible QE3, will likely occur if the economy does not improve. Since the economy doesn’t look like it is improving, traders took this as an indication of likely additional easing, and creating incentives to get into gold ETFs. 

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