Market Morning: EM Rout Halts, Erdogan Threatens AppleMarket Morning: EM Rout Halts, Erdogan Threatens Apple, Bayer Gets Rounded Up – Stock futures are up in the United States as the US dollar has declined slightly versus a basket of emerging market currencies that have finally found their footing overnight, for now. Emerging Market stocks (NYSEARCA:EEM) have stabilized as well, though the question is for how long. Is this a bottom, or merely a lull? In a sign of possible continued volatility over the horizon, the yield curve in the US has continued to flatten, flirting with 10Y-2Y spread lows of 24 basis points. We are now back down to 26 basis points, and lows could be broken imminently. Erdogan Threatens Boycott of Apple, Other US Electronics, Lira Rises. Turkish President Erdogan lashed out again against the United States, threatening to boycott American electronics. Read more:
https://marketexclusive.com/market-morning-em-rout-halts-erdogan-threatens-apple-bayer-gets-rounded-up/2018/08/