Hot spots in emerging markets this week: Qatar, China, Brazil

12.06.2017 / 06:45

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Arab nations’ spat with Qatar continues to weigh on stocks.

It’s a big week for monetary policy decisions, with the Federal Reserve, Bank of England and Bank of Japan all setting interest rates.

But investors must first assess the latest accusations of wrongdoing leveled against Brazilian President Michel Temer, as well as the ongoing impact of a diplomatic spat in the Middle East.

Qatar
Stocks in Doha extended declines on Sunday amid growing concern the row between the Gulf state and other Arab nations will drag on.

China
Economic data including retail sales and industrial production are due Wednesday. The offshore yuan weakened 0.2 percent last week following four weeks of gains; officials said last month they were using a new method to set the currency’s fixing, a daily reference rate versus the U.S. dollar.

Brazil
Hours after being acquitted of illegal campaign financing charges, Brazil’s president faced a fresh crisis. News magazine Veja reported he ordered the country’s intelligence service to pry into the life of Supreme Court Judge Edson Fachin, who is in charge of the ongoing corruption investigation dubbed Carwash. President Temer has denied he ever used the Brazilian intelligence agency to spy on Fachin.

Source: Bloomberg Pro Terminal

Jr Trader Ivan Ivanov

Varchev Traders

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Hot spots in emerging markets this week: Qatar, China, Brazil

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