Economics
EM Review: Trade Truce Hopes, ECB Bazooka Fueled Risk Appetite
- Saudi oil production cut by half after series of drone attacks
- U.S. considers interim trade deal with China to delay tariffs
A shipping container is offloaded at the Port of Oakland, California.
Photographer: Justin Sullivan/Getty ImagesThis article is for subscribers only.
Emerging-market currencies posted the longest streak of gains since January 2018 last week and stocks rose to a six-week high as global monetary easing and prospects of a trade truce -- even if a temporary one -- made investors more comfortable with riskier assets. As the European Central Bank cut rates and announced a new stimulus plan, markets are waiting for the Federal Reserve to confirm bets on additional easing.
The following is a roundup of emerging-markets news and highlights for the week ending Sept. 15.