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Trump Tariff Threat Puts EM Stocks on Worst Streak in Six Weeks.
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- Author(s): Goko, Colleen (AUTHOR)
- Source:
Bloomberg.com. 7/17/2024, pN.PAG-N.PAG. 1p.
- Subject Terms:
- Additional Information
- Subject Terms:
- Abstract:
The benchmark index for emerging market (EM) stocks is experiencing its longest losing streak in six weeks due to weak economic data and concerns about geopolitics. The decline in EM stocks is attributed to the "Trump trade" and weak Chinese data. The rising likelihood of a Trump presidency is driving expectations of a return to tariff-based policies, which would negatively impact EM stocks. However, emerging market currencies and bonds are rising, benefiting from expectations of interest-rate cuts from the US. [Extracted from the article]
- Abstract:
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