At their highest level ever. But the best trade may be emerging far away. The eem is far outpacing the s p 500 over the last three months a nosedive in the dollar it is at its lowest level since april 18 is it time to rotate out of the u. S. And look abroad for the next big trade, tim . It seems like it could be a rerun of creating a globe. These are dynamics we havent seen in a long time. If you look at where the dollar is if you are investing in emerging markets, the currency is at least 50 of your return profile and high yielding currency is a driver of this reality but its the turkish and african moneys the blowoff top was around 51. 75. I think you have rates moving higher, but normalizing. Normal high rates for em arent good if you look at the source trade and things moving around the world, some of this is about a global recovery. In some sense at least, the u. S. Dollar and rates will stay lower for longer and thats fantastic for the rest of the world. We may be in the depths o
Resignation and reforms to the monarchy scott hardly has moved from bangkok. You know another. In this process and the government protests that we have seen over the last several months this is before large scale protests that weve seen since july thousands gathered at democracy monument here in central bangkok it marched on to those thousands marched on to Government House area they broke through Police Barricades they bunkered in if you will for most of the night until this emergency decree came through yemens heathy is how the release to u. S. Citizens in exchange for 250. The freed rebels have arrived in yemens capital. On a swap is a fast of several prisoner exchanges expected in the coming days between the Saudi Led Coalition and the who face. Europe is battling to contain a 2nd wave of coronavirus germany has imposed tough the measures on gatherings and mall squaring france is introducing a nightly curfew and in the u. K. And new 3 tier system is in force. Tens of thousands of a
From theto the concern economic hit caused by the pandemic. We have job losses here with a more modest hit in this part of the world. Else is going on out there and quickly looking at the dollar index is. We do have the dollar steady at the moment. We had the surge in the dollar seeing a little bit of a spike taking place. Being seen as a haven currency. The yen, 104. 49. New york crude, what we have here is a plunge taking place overnight. Nearly 5 . They recovered a little bit from that. 8 10 of 1 . 67 a barrel for wti. Gold the steady, but not really acting as a safe haven. We have breaking news, the dow jones reporting that it may close to buying nc, according to people and what would be the second Big Semiconductor tie up this week as the industry rapidly consolidates this deal. It could be worth 10 billion. Thats according to the dow jones. Dow jones reporting marvell could be close to buying inphi later this week. Lets get our first word headlines. Not european leaders are impos
A medical professional someone from the center for Disease Control and prevention you would be horrified not only was president not worrying about not unexpected but the crowd that gathered in front of them and there were a few 1000 were packed together many of them following the example of their president and the thing that really caught my eye was as ron the scientists the Florida Governor came into the crowd he was high 5 ing people in the crowd as he walked along and then you could clearly see him put his hand to his face so all this flies in the face of any medical guidelines as to how to behave a pandemic the u. S. Senate has begun confirmation hearings for Supreme Court nominee amy county democrats didnt want the debate to begin until after the election confirmation would expand the courts conservative majority the fragile cease fire between azerbaijan and armenia in force is being further tested with both sides accusing each other new attacks in the around the corner care about
Fighting flared last month. Taiwans president says shes willing to hold talks with china if there were an equal basis speaking at National Day Celebrations sigh in when said shes open to meaningful dialogue with beijing and hopes recent tensions can be resolved peacefully. So you know if you dont. Watch as long as the beijing authorities are willing to resolve an attack on isms and improve cross streets relations parity and dignity are maintained we are willing to Work Together to facilitate meaningful dialogue we are committed to upholding regional stability but this is not something taiwan can show to alone it is the joint responsibility of both sides. Hong kong Police Arrested 9 people suspected of helping prodemocracy activists who attempted to flee to taiwan doesnt activists have been held in the Southern City of shenzhen since august and they were intercepted by chinese authorities their families held a protest on thursday accusing with police of lying about the circumstances sur