AUTHOR: TOWNE SCHERER.COM 9/5/2018: TowneScherer Private Wealth Management BLOG:
Emerging Market Currencies
Emerging market currencies and the Euro are receiving downward pressure with the rise of the dollar, according to a Reuter’s report, 9/4/2018.
Emerging Market Stocks
In addition, emerging markets stocks were under pressure on concerns about inflation in Turkey and data showing South Africa had dipped into recession in the second quarter.
New Chinese Tariffs
New tariffs ending on Thursday, 9/6/2018, will allow U.S. President, Donald Trump, to follow through on plans to impose levies on $200 billion more of Chinese imports.
NAFTA
U.S.-Canada trade talks finished up on Friday with no deal to change the North American Free Trade Agreement (NAFTA) after Trump expressed to Congress he would sign a bilateral trade pact with Mexico.
Oil Climbing
Further and finally, the report pointed out that oil climbed on news of a hurricane off of US shores....or was that the Kavanaugh confirmation hearing?
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
The economic forecasts set forth in this material may not develop as predicted. All indices are unmanaged and may not be invested into directly.