Emerging markets edged higher as investors focused on the Trump-Zelensky talks.

Jin10 data reported on August 18th, that ahead of the talks between Trump and Zelensky, emerging market assets rose slightly, with investors focusing on whether there are signs of progress in the Russia-Ukraine peace protocol. The MSCI Emerging Markets Stock Index rose by as much as 0.6%. Investors remain cautious ahead of the Jackson Hole annual meeting later this week, where Powell's speech could hint at the possibility of a rate cut in September. "The strong performance of risk assets has been remarkable, and valuations are increasingly tight," wrote a team led by Deutsche Bank analyst Jim Reid in a report. UBS Global Wealth Management Chief Investment Officer Mark Haefele's team stated in the report that given the huge gap in negotiating positions and the lack of decisive progress on the battlefield, "we expect the Russia-Ukraine conflict to continue into next year. Any negotiation process will be prolonged due to a lack of trust and significant gaps in objectives, and any protocol may be subject to skepticism."

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)