EM #equities struggling again… pic.twitter.com/LGbAvhb0On
— jeroen blokland (@jsblokland) June 21, 2018
EM crisis spreads. #Hungary Forint plunges to all-time low vs. Euro. pic.twitter.com/C3aomc6VKN
— Holger Zschaepitz (@Schuldensuehner) June 21, 2018
Emerging market currencies continue falling relative to the USD.
… Wiping out investors’ view that emerging markets were the place to be. pic.twitter.com/7ZOeN6JosK
— Daniel Lacalle (@dlacalle_IA) June 21, 2018
Chinese stocks start to discount a combination of
. Weakening Yuan
. Lower growth
. Risk of earnings estimates pic.twitter.com/ImSp8ZvLDS— Daniel Lacalle (@dlacalle_IA) June 21, 2018
China.
The Yuan also suffers against the USD.
The last month's move maybe discounts an official devaluation if growth estimates and macro challenges remain. Maybe? pic.twitter.com/3FOYyfcvJs
— Daniel Lacalle (@dlacalle_IA) June 21, 2018