{"id":37316,"date":"2018-09-04T06:12:56","date_gmt":"2018-09-04T11:12:56","guid":{"rendered":"http:\/\/olduvai.ca\/?p=37316"},"modified":"2018-09-04T06:12:56","modified_gmt":"2018-09-04T11:12:56","slug":"em-rout-returns-as-global-stocks-fade-dollar-surges","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=37316","title":{"rendered":"EM Rout Returns As Global Stocks Fade, Dollar Surges"},"content":{"rendered":"<div id=\"block-zerohedge-page-title\" class=\"block block-core block-page-title-block\">\n<h3 class=\"page-title\"><a href=\"https:\/\/www.zerohedge.com\/news\/2018-09-04\/em-rout-returns-global-stocks-fade-dollar-surges\"><span class=\"field field--name-title field--type-string field--label-hidden\">EM Rout Returns As Global Stocks Fade, Dollar Surges<\/span><\/a><\/h3>\n<\/div>\n<div id=\"block-zerohedge-content\" class=\"block block-system block-system-main-block\">\n<article class=\"node node--type-article node--view-mode-full\" role=\"article\" data-gtm-vis-recent-on-screen-2077925_22=\"1334\" data-gtm-vis-first-on-screen-2077925_22=\"1334\" data-gtm-vis-total-visible-time-2077925_22=\"100\" data-gtm-vis-has-fired-2077925_22=\"1\">\n<footer class=\"node__meta\">\n<div class=\"submission-wrapper\"><\/div>\n<div class=\"a2a_kit a2a_kit_size_32 a2a_default_style\" data-a2a-icon-color=\"#222\">\n<div>With the US returning from holiday, US equity futures are flat from Friday&#8217;s close, while stocks in Europe slumped, reversing an early gain\u00a0as Italian and Spanish bank shares faded and the major London, Frankfurt and Paris bourses faltered; this followed a mirror image in Asian price action, where stocks reversed earlier losses helped by a 1.3% late surge from Shanghai.<\/div>\n<\/div>\n<\/footer>\n<div class=\"node__content\">\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p><a href=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/markets%209.4.jpg?itok=H39Ibhf1\" data-image-external-href=\"\" data-image-href=\"\/sites\/default\/files\/inline-images\/markets%209.4.jpg?itok=H39Ibhf1\" data-link-option=\"0\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/markets%209.4.jpg\" srcset=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/styles\/inline_image_desktop\/public\/inline-images\/markets%209.4.jpg?itok=H39Ibhf1 1x\" alt=\"\" width=\"500\" height=\"292\" data-entity-type=\"file\" data-entity-uuid=\"45884496-1fd6-4eba-b998-c417ffb4bb5b\" data-responsive-image-style=\"inline_images\" \/><\/a><\/p>\n<p>S&amp;P500 futures have been trading rangebound since Friday, and pointed to a mixed open for U.S. shares as traders return from Labor Day holiday. Nike fell in the pre-market after the sportswear-maker revealed its new ad campaign will star Colin Kaepernik who led protests during the playing of the national anthem.<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/ES%209.4.jpg?itok=T52CzRdY\" data-image-external-href=\"\" data-image-href=\"\/sites\/default\/files\/inline-images\/ES%209.4.jpg?itok=T52CzRdY\" data-link-option=\"0\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/ES%209.4.jpg\" srcset=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/styles\/inline_image_desktop\/public\/inline-images\/ES%209.4.jpg?itok=T52CzRdY 1x\" alt=\"\" width=\"500\" height=\"263\" data-entity-type=\"file\" data-entity-uuid=\"7516747e-83cb-405e-ae18-a1a27e69a57f\" data-responsive-image-style=\"inline_images\" \/><\/a><\/p>\n<p>The Stoxx Europe 600 index dropped 0.3% after earlier rising as much as 0.4% led by banks, miners and carmakers. Danske Bank retreats as much as 7.1%, ING falls as much as 3.2%. Danske said it is in the process of finalizing an internal investigation into allegations that its Estonian operations were used to launder billions of dollars in illicit funds; separately ING agreed to pay 775 million euros to settle an investigation by the Dutch prosecutor into issues including money laundering and corrupt practices, one of the biggest fines ever given to the country\u2019s banks in a criminal case.<\/p>\n<p>Italian government bond yields fell back from three-month highs, with investors encouraged by soothing comments from Italian ministers on forthcoming budget proposals. According to Reuters, Rome\u2019s Economy Minister Giovanni Tria was pushing the governing coalition to keep next year\u2019s budget deficit below 2 percent of output. Deputy Prime Minister Matteo Salvini had said on Monday that it would not breach the European Union\u2019s 3 percent limit.<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>EM Rout Returns As Global Stocks Fade, Dollar Surges With the US returning from holiday, US equity futures are flat from Friday&#8217;s close, while stocks in Europe slumped, reversing an early gain\u00a0as Italian and Spanish bank shares faded and the major London, Frankfurt and Paris bourses faltered; this followed a mirror image in Asian price [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1732,1849,839,4318],"class_list":["post-37316","post","type-post","status-publish","format-standard","hentry","category-economics","tag-emerging-markets","tag-financial-markets","tag-us-dollar","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37316"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37316\/revisions"}],"predecessor-version":[{"id":37317,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37316\/revisions\/37317"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}