Emerging Markets Pause for Breath as US Shutdown Delays Data
The empty Emancipation hall at the US Capitol.
Photographer: Kent Nishimura/BloombergEmerging market stocks and currencies are trading sideways, as the US government shutdown delays data releases and forces global investors to take a pause.
An MSCI gauge for emerging market currencies edged lower by 0.1%, while an index tracking stocks from developing countries is trading steady. The Thai baht is lagging peers as traders brace themselves for a projected interest rate cut next week.
More From Bloomberg
Emerging Stocks Notch Best Run of Gains in Over Two Decades
Taiwan Offers to Back Firms Investing in US During Trade Talks
Taiwan Rejects US Demand for Half of Chips to Be Made in America
South Korea Agrees to Share Monthly FX Intervention Data With US
South Korea Races to Restore National Digital System After Fire
