Where Next for EM Currencies and the Lira?

Turkey’s currency rose and its bonds, among the highest-yielding in emerging markets, extended their advance after the central bank cut a key interest rate for a seventh straight month amid demand for risky assets. The lira climbed 0.5 percent as of 5:09 p.m. in Istanbul and the yield on 10-year government lira bonds fell 31 basis points, the most among 27 emerging markets tracked by Bloomberg. President Recep Tayyip told Bloomberg in an interview the central bank did the right thing by cutting interest rates this week and it should continue to do so. Bank of New York Mellon Chief Currency Strategist Simon Derrick discusses with Bloomberg's Francine Lacqua on "The Pulse."

ETFs Share the Pain of European Banking Woes
28:32 - Wei Li, head of iShares EMEA investment strategy at BlackRock, discusses the impact of European banking woes on ETFs and central bank influence on current inflow levels. She speaks with Bloomberg's Nejra Cehic on "Bloomberg Markets." (Source: Bloomberg)
  • Full Show: Surveillance (09/29)
  • Bevan: Tactical Investing Could Open Reservoirs of Value
  • Will Volatility Rise in the Fourth Quarter?