Emerging-Market Optimism Dashed by Fed as Currencies, Bonds Sink
An April rout in emerging-market bonds and currencies has some former bulls turning negative on the outlook for the asset class.
An April rout in emerging-market bonds and currencies has some former bulls turning negative on the outlook for the asset class.
Stocks made small gains in holiday-thinned trading as traders turned their attention to a line-up of central bank speeches this week.
The yen has erased its sharp rebound on Friday, as concern over Japan’s low interest rates outweighs any bullishness stoked by suspected official intervention and weaker-than-expected US data.
Indonesian bond yields slid the most since November to outperform Asian peers, as a revival of US interest-rate cut bets spurred demand for the notes after they got heavily sold off last month.
The euro zone’s economy is waiting for a resounding vote of confidence from its own consumers for its long-awaited rebound to finally take shape.
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