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EEM News11 articles
BRICS Summit Declaration: Trade Rhetoric vs. Market Reality
At the New Delhi summit, BRICS leaders criticized tariffs and sought WTO reform, but stopped short of announcing a trade pact or common currency, leaving investors with policy signals rather than concrete market changes.
Peso Strength Shields Mexico ETF from Broader EM Selloff
EWW slipped 0.6% to $74.46, but a robust peso capped losses versus EEM's 2.94% decline. USD/MXN near 17.055, close to 52-week low.
Defense Boom Propels Saab to Record Q2 Profit; Tariff and Energy Jitters Weigh on US Futures
Saab's Q2 profit soared 41% to 2.79B SEK, beating estimates, as defense orders surged 141% amid European rearmament. US futures slipped on tariff and energy cost concerns.
Peso Drops as Oil Surge Wipes Out Month of Carry Trade Gains
The Mexican peso slipped 0.35% to 17.52 per dollar on Monday, erasing a month of carry trade gains as Brent crude surged 9.6% on U.S.-Iran tensions near the Strait of Hormuz.
Tech Selloff Drags US Futures Lower; South Korea's KOSPI Plunges 10%
US stock futures fell sharply Tuesday as a tech selloff erased optimism over US-Iran talks. South Korea's KOSPI plunged nearly 10% on regulatory ETF warnings.
Asian Markets Rally on Oil Plunge, Central Bank Decisions Ahead
Asian equities opened higher on a sharp drop in oil prices following a US-Iran agreement, but caution remains ahead of BOJ and Fed policy decisions.
Mexican Peso Slides to 17.48 as US Jobs Report Boosts Dollar
The Mexican peso fell 1.10% to 17.4793 per dollar after stronger-than-expected US jobs data boosted the dollar and raised expectations for a Fed rate hike by December.
Asian Markets Brace for Key Week as Oil, Yields, and AI Dominate
Asian markets enter a crucial week with oil above $103, US yields at 4.558%, and AI optimism from Nvidia and Lenovo. China cracks down on cross-border brokers, while key data includes US PCE and Tokyo CPI.
Fed Officials Signal Possible Rate Hikes Amid Sticky Inflation
Fed minutes show most officials may hike rates if inflation stays above 2%, shifting market expectations from cuts to possible increases.
Moody's: South Africa's Debt Stabilizing, Iran Conflict Poses Growth Risk
Moody's says South Africa's debt has peaked at 86.8% of GDP and is set to decline, but warns the Iran conflict could reduce growth by up to 0.5 percentage points in 2026-27.
JSE Edges Lower as Rand Weakens Ahead of Fed Rate Decision
South African stocks slipped Wednesday, with the JSE All Share down 0.28% and the rand weakening to 16.5550/USD as investors trimmed risk ahead of the Fed's rate decision.