Emerging-Market Assets Climb as Fed Hike Bets Cool, Oil Drops

Emerging-market stocks and currencies advanced after softer-than-expected US jobs data and a decline in oil prices eased concerns over aggressive Federal Reserve rate hikes. MSCI Inc.’s gauge for developing-market equities rose as much as 1.1% on Monday, the largest gain in about two weeks. An index for EM currencies increased 0.3%, while a broad Bloomberg dollar gauge remained little changed.

Brent crude fell below $102 per barrel after erasing early gains, following a 2% drop the prior week. US nonfarm payrolls rose only 29,000 last month, missing all estimates in a Bloomberg survey, leading money markets to price in fewer chances of an October rate increase. Homin Lee, a strategist at Lombard Odier in Singapore, noted that downside surprises in US nonfarm payroll and core PCE inflation are supporting a limited hiking cycle, providing relief for emerging markets.

Technology was the top contributor to EM equity gains, with Taiwan Semiconductor Manufacturing Co. shares jumping over 3% on optimism about a potential collaboration with Elon Musk’s Terafab. Markets in South Korea and mainland China were closed for holidays. Lee expressed tactical bullishness on EM equities and hard currency bonds, citing the region’s positioning to benefit from a broadening global capex boom.

In Brazil, an exchange-traded fund in Japan and futures on the real gained after Flávio Bolsonaro unexpectedly led President Luiz Inácio Lula da Silva in the first round of the presidential election. Meanwhile, Chinese EV makers including BYD Co. saw shares drop in Hong Kong after a media report said the UK plans to impose levies on EV imports.

ارتفعت أسهم العملات العملات في الأسواق الناشئة بعد بيانات الوظائف الأمريكية الأقل من المتوقع وانخفاض أسعار النفط، مماAlleviated المخاوف من رفع الفائدة الفيدرالية العدوانية. ارتفع مؤشر MSCI Inc. للأسهم الخاصة بالأسواق الناشئة بنسبة تصل إلى 1.1% يوم الاثنين، وهو أكبر ارتفاع في حوالي أسبوعين. ارتفع مؤشر العملات EM بنسبة 0.3%، في حين ظل مؤشر الدولار الواسع من Bloomberg دون تغيير يذكر. انخفض خام برنت دون 102 دولارًا للبرميل بعد إلغاء المكاسب الأولية، following a 2% drop the prior week. ارتفعت كشوف المرتبات غير الزراعية الأمريكية last month by only 29,000, missing all estimates in a Bloomberg survey, leading money markets to price in fewer chances of an October rate increase. Homin Lee, strategist at Lombard Odier in Singapore, noted that downside surprises in US nonfarm payroll and core PCE inflation are supporting a limited hiking cycle, providing relief for emerging markets. كانت التكنولوجيا المساهم الرئيسي في مكاسب الأسهم EM، حيث قفزت أسهم شركة Taiwan Semiconductor Manufacturing Co. بأكثر من 3% على أمل تعاون محتمل مع Elon Musk’s Terafab. كانت أسواق كوريا الجنوبية والصين القارية مغلقة للعطلات. أعرب Lee عن تفاؤل taktic on الأسهم EM والسندات العملة الصلبة، مشيرًا إلى أن المنطقة مصممة للاستفادة من ازدهار capex العالمي. في البرازيل، gained صندوق交易交易 في اليابان والعقود الآجلة على الريال بعد أن قاد Flávio Bolsonaro غير المتوقع الرئيس Luiz Inácio Lula da Silva في الجولة الأولى من الانتخابات الرئاسية. في غضون ذلك، saw أسهم makers السيارات الكهربائية الصينية بما في ذلك BYD Co. انخفاضًا في هونغ كونغ بعد تقرير إعلامي قال إن المملكة المتحدة تخطط لفرض رسوم على واردات EVs.

নরম americana চাকরির ডেটা এবং তেলের দাম কমে গেলে পরের জন্য উভয় বাজারের শেয়ার এবং মুদ্রা উন্নয়ন করেছে। ফেডারেল রিজার্ভের aggressive rate hike-এর ভয় কমেছে।MSCI Inc.’s gauge for developing-market equities rose as much as 1.1% on Monday, the largest gain in about two weeks. An index for EM currencies increased 0.3%, while a broad Bloomberg dollar gauge remained little changed. Brent crude fell below $102 per barrel after erasing early gains, following a 2% drop the prior week.

US nonfarm payrolls rose only 29,000 last month, missing all estimates in a Bloomberg survey, leading money markets to price in fewer chances of an October rate increase. Homin Lee, a strategist at Lombard Odier in Singapore, noted that downside surprises in US nonfarm payroll and core PCE inflation are supporting a limited hiking cycle, providing relief for emerging markets. Technology was the top contributor to EM equity gains, with Taiwan Semiconductor Manufacturing Co. shares jumping over 3% on optimism about a potential collaboration with Elon Musk’s Terafab.

Markets in South Korea and mainland China were closed for holidays. Lee expressed tactical bullishness on EM equities and hard currency bonds, citing the region’s positioning to benefit from a broadening global capex boom. In Brazil, an exchange-traded fund in Japan and futures on the real gained after Flávio Bolsonaro unexpectedly led President Luiz Inácio Lula da Silva in the first round of the presidential election.

Meanwhile, Chinese EV makers including BYD Co. saw shares drop in Hong Kong after a media report said the UK plans to impose levies on EV imports.

Emerging-Market-Aktien und -Währungen stiegen nach schwächeren US-Arbeitsmarktdaten und einem Ölpreisrückgang, was Ängste vor aggressiven Fed-Zinsschritten nahm. Der MSCI-Index für Schwellenländeraktien stieg am Montag um bis zu 1,1%, das größte Plus in etwa zwei Wochen. Ein Index für EM-Währungen stieg um 0,3%, während ein breiter Bloomberg-Dollar-Index kaum verändert blieb.

Brent Rohöl fiel unter 102 Dollar pro Barrel, nachdem frühe Gewinne gestrichen wurden, following a 2% drop the prior week. US nonfarm payrolls rose only 29,000 last month, missing all estimates in a Bloomberg survey, leading money markets to price in fewer chances of an October rate increase. Homin Lee, a strategist at Lombard Odier in Singapore, noted that downside surprises in US nonfarm payroll and core PCE inflation are supporting a limited hiking cycle, providing relief for emerging markets.

Technology was the top contributor to EM equity gains, with Taiwan Semiconductor Manufacturing Co. shares jumping over 3% on optimism about a potential collaboration with Elon Musk’s Terafab. Markets in South Korea and mainland China were closed for holidays. Lee expressed tactical bullishness on EM equities and hard currency bonds, citing the region’s positioning to benefit from a broadening global capex boom.

In Brazil, an exchange-traded fund in Japan and futures on the real gained after Flávio Bolsonaro unexpectedly led President Luiz Inácio Lula da Silva in the first round of the presidential election. Meanwhile, Chinese EV makers including BYD Co. saw shares drop in Hong Kong after a media report said the UK plans to impose levies on EV imports.

Las acciones y divisas de mercados emergentes avanzaron después de datos de empleo en EE. UU. más suaves de lo esperado y una caída en los precios del petróleo aliviaron las preocupaciones sobre aumentos agresivos de tipos de la Reserva Federal. El indicador de MSCI Inc. para acciones de mercados en desarrollo subió hasta un 1.1% el lunes, la mayor ganancia en aproximadamente dos semanas.

Un índice para divisas EM aumentó un 0.3%, mientras que una amplia guía de dólares de Bloomberg se mantuvo poco cambiada. El crudo Brent cayó por debajo de 102 dólares el barril después de borrar ganancias iniciales, tras una caída del 2% la semana anterior. Los nóminas no agrícolas de EE.

UU. aumentaron solo 29,000 el mes pasado, perdiendo todas las estimaciones en una encuesta de Bloomberg, lo que llevó a los mercados de dinero a precio en menos posibilidades de un aumento de tipos en octubre. Homin Lee, estratega de Lombard Odier en Singapur, señaló que las sorpresas a la baja en nóminas no agrícolas de EE. UU. e inflación core PCE están apoyando un ciclo de aumento de tipos limitado, brindando alivio a los mercados emergentes.

La tecnología fue el principal contribuyente a las ganancias de acciones EM, con las acciones de Taiwan Semiconductor Manufacturing Co. saltando más del 3% por optimismo sobre una posible colaboración con Elon Musk’s Terafab. Los mercados de Corea del Sur y China continental estaban cerrados por feriados. Lee expresó una visión tácticamente alcista sobre acciones EM y bonos de divisa dura, citando la posición de la región para beneficiarse de un auge global de capex.

En Brasil, un fondo cotizado en Japón y futuros sobre el real ganaron después de que Flávio Bolsonaro liderara inesperadamente al Presidente Luiz Inácio Lula da Silva en la primera ronda de la elección presidencial. Mientras tanto, los fabricantes de autos eléctricos chinos, incluidos BYD Co., vieron sus acciones bajar en Hong Kong después de un informe de medios dijeron que el Reino Unido planea imponer gravámenes a las importaciones de EVs.

Les actions et devises des marchés émergents ont progressé après des données américaines d'emplois moins fortes que prévu et une baisse des prix du pétrole, apaisant les craintes de hausses agressives des taux de la Fed. L'indice MSCI Inc. des actions des marchés en développement a grimpé jusqu'à 1,1% lundi, la plus forte hausse en environ deux semaines. Un indice pour les devises EM a augmenté de 0,3%, tandis qu'une large fourchette de dollars Bloomberg est restée quasi inchangée.

Le Brent est tombé en dessous de 102 dollars le baril après avoir effacé ses gains initiaux, suite à une baisse de 2% la semaine précédente. Les non-farm payrolls américains n'ont augmenté que de 29 000 le mois dernier, manquant toutes les estimations d'un sondage Bloomberg, poussant les marchés monétaires à tarifer moins de chances d'une hausse des taux en octobre. Homin Lee, stratège de Lombard Odier à Singapour, a noté que les surprises négatives des non-farm payrolls américains et de l'inflation core PCE soutiennent un cycle de hausses limité, apportant un soulagement aux marchés émergents.

La technologie était le principal contributeur aux gains des actions EM, avec les actions de Taiwan Semiconductor Manufacturing Co. sautant de plus de 3% sur l'optimisme d'une potentielle collaboration avec Elon Musk’s Terafab. Les marchés de Corée du Sud et de Chine continentale étaient fermés pour les vacances. Lee a exprimé un optimisme tactique sur les actions EM et les obligations de devise dure, citant la position de la région pour bénéficier d'un boom mondial de capex.

Au Brésil, un fonds négocié en bourse au Japon et des contrats à terme sur le real ont gagné après que Flávio Bolsonaro a mené inattendument le président Luiz Inácio Lula da Silva au premier tour de l'élection présidentielle. Pendant ce temps, les fabricants de véhicules électriques chinois, dont BYD Co., ont vu leurs actions baisser à Hong Kong après un rapport médiatique disant que le Royaume-Uni prévoit d'imposer des droits sur les importations de VE.

नरम अमेरिकी नौकरी के आंकड़ों और तेल की कीमतों में गिरावट के बाद उभरते बाजार के शेयर और मुद्राएं बढ़ीं, जिससे फेडरल रिजर्व की कड़ी दर वृद्धि की चिंता कम हुई।MSCI Inc.’s gauge for developing-market equities rose as much as 1.1% on Monday, the largest gain in about two weeks. An index for EM currencies increased 0.3%, while a broad Bloomberg dollar gauge remained little changed. Brent crude fell below $102 per barrel after erasing early gains, following a 2% drop the prior week.

US nonfarm payrolls rose only 29,000 last month, missing all estimates in a Bloomberg survey, leading money markets to price in fewer chances of an October rate increase. Homin Lee, a strategist at Lombard Odier in Singapore, noted that downside surprises in US nonfarm payroll and core PCE inflation are supporting a limited hiking cycle, providing relief for emerging markets. Technology was the top contributor to EM equity gains, with Taiwan Semiconductor Manufacturing Co. shares jumping over 3% on optimism about a potential collaboration with Elon Musk’s Terafab.

Markets in South Korea and mainland China were closed for holidays. Lee expressed tactical bullishness on EM equities and hard currency bonds, citing the region’s positioning to benefit from a broadening global capex boom. In Brazil, an exchange-traded fund in Japan and futures on the real gained after Flávio Bolsonaro unexpectedly led President Luiz Inácio Lula da Silva in the first round of the presidential election.

Meanwhile, Chinese EV makers including BYD Co. saw shares drop in Hong Kong after a media report said the UK plans to impose levies on EV imports.

Pasar saham dan mata uang emerging naik setelah data pekerjaan AS lebih lemah dan harga minyak turun, menenangkan khawatir tentang peningkatan suku bunga Fed yang agresif. MSCI Inc.’s gauge for developing-market equities rose as much as 1.1% on Monday, the largest gain in about two weeks. An index for EM currencies increased 0.3%, while a broad Bloomberg dollar gauge remained little changed.

Brent crude fell below $102 per barrel after erasing early gains, following a 2% drop the prior week. US nonfarm payrolls rose only 29,000 last month, missing all estimates in a Bloomberg survey, leading money markets to price in fewer chances of an October rate increase. Homin Lee, a strategist at Lombard Odier in Singapore, noted that downside surprises in US nonfarm payroll and core PCE inflation are supporting a limited hiking cycle, providing relief for emerging markets.

Technology was the top contributor to EM equity gains, with Taiwan Semiconductor Manufacturing Co. shares jumping over 3% on optimism about a potential collaboration with Elon Musk’s Terafab. Markets in South Korea and mainland China were closed for holidays. Lee expressed tactical bullishness on EM equities and hard currency bonds, citing the region’s positioning to benefit from a broadening global capex boom.

In Brazil, an exchange-traded fund in Japan and futures on the real gained after Flávio Bolsonaro unexpectedly led President Luiz Inácio Lula da Silva in the first round of the presidential election. Meanwhile, Chinese EV makers including BYD Co. saw shares drop in Hong Kong after a media report said the UK plans to impose levies on EV imports.

予想より弱い米雇用データと油価下落で、連邦準備理事会の利上げペースへの懸念が和らぎ、新興市場の株価と通貨が上昇した。MSCI Inc.’s gauge for developing-market equities rose as much as 1.1% on Monday, the largest gain in about two weeks. An index for EM currencies increased 0.3%, while a broad Bloomberg dollar gauge remained little changed. Brent crude fell below $102 per barrel after erasing early gains, following a 2% drop the prior week.

US nonfarm payrolls rose only 29,000 last month, missing all estimates in a Bloomberg survey, leading money markets to price in fewer chances of an October rate increase. Homin Lee, a strategist at Lombard Odier in Singapore, noted that downside surprises in US nonfarm payroll and core PCE inflation are supporting a limited hiking cycle, providing relief for emerging markets. Technology was the top contributor to EM equity gains, with Taiwan Semiconductor Manufacturing Co. shares jumping over 3% on optimism about a potential collaboration with Elon Musk’s Terafab.

Markets in South Korea and mainland China were closed for holidays. Lee expressed tactical bullishness on EM equities and hard currency bonds, citing the region’s positioning to benefit from a broadening global capex boom. In Brazil, an exchange-traded fund in Japan and futures on the real gained after Flávio Bolsonaro unexpectedly led President Luiz Inácio Lula da Silva in the first round of the presidential election.

Meanwhile, Chinese EV makers including BYD Co. saw shares drop in Hong Kong after a media report said the UK plans to impose levies on EV imports.

Ações e moedas de mercados emergentes avançaram após dados de emprego nos EUA mais fracos que o esperado e queda nos preços do petróleo, aliviando preocupações com aumentos agressivos de taxas da Fed. O indicador MSCI Inc. para ações de mercados em desenvolvimento subiu até 1,1% na segunda-feira, a maior alta em cerca de duas semanas. Um índice para divisas EM aumentou 0,3%, enquanto um amplo indicador Bloomberg do dólar permaneceu pouco alterado.

O Brent caiu abaixo de 102 dólares o barril após apagar ganhos iniciais, após uma queda de 2% na semana anterior. Os nonfarm payrolls dos EUA aumentaram apenas 29.000 no mês passado, perdendo todas as estimativas em uma pesquisa da Bloomberg, levando os mercados de dinheiro a precificar menos chances de um aumento de taxa em outubro. Homin Lee, estrategista da Lombard Odier em Singapura, observou que surpresas negativas nos nonfarm payrolls americanos e na inflação core PCE estão apoiando um ciclo de alta limitado, proporcionando alívio aos mercados emergentes.

A tecnologia foi o principal contribuinte para as ganhas de ações EM, com as ações da Taiwan Semiconductor Manufacturing Co. saltando mais de 3% por otimismo sobre uma possível colaboração com Elon Musk’s Terafab. Os mercados da Coreia do Sul e da China continental estavam fechados por feriados. Lee expressou otimismo tático sobre ações EM e títulos de moeda dura, citando a posição da região para se beneficiar de um boom global de capex.

No Brasil, um fundo negociado em bolsa no Japão e futuros sobre o real ganharam após Flávio Bolsonaro liderar inesperadamente o presidente Luiz Inácio Lula da Silva na primeira rodada da eleição presidencial. Enquanto isso, fabricantes de EVs chineses, incluindo BYD Co., viram suas ações cair em Hong Kong após um informe de mídia dizer que o Reino Unido planeja impor taxas nas importações de EVs.

Рынки развивающихся стран и валюты выросли после мягких данных по занятости США и падения цен на нефть, что снизило ожидания агрессивного повышения ставок ФРС. Индекс MSCI Inc. по акциям развивающихся рынков вырос до 1,1% во вторник, максимальный прирост за две недели. Индекс валют EM вырос на 0,3%, в то время как широкий индекс долларов Bloomberg остался без существенных изменений. Brent crude упал ниже 102 долларов за баррель после отмены ранних выгод, following a 2% drop the prior week. US nonfarm payrolls rose only 29,000 last month, missing all estimates in a Bloomberg survey, leading money markets to price in fewer chances of an October rate increase.

Homin Lee, a strategist at Lombard Odier in Singapore, noted that downside surprises in US nonfarm payroll and core PCE inflation are supporting a limited hiking cycle, providing relief for emerging markets. Technology was the top contributor to EM equity gains, with Taiwan Semiconductor Manufacturing Co. shares jumping over 3% on optimism about a potential collaboration with Elon Musk’s Terafab. Markets in South Korea and mainland China were closed for holidays.

Lee expressed tactical bullishness on EM equities and hard currency bonds, citing the region’s positioning to benefit from a broadening global capex boom. In Brazil, an exchange-traded fund in Japan and futures on the real gained after Flávio Bolsonaro unexpectedly led President Luiz Inácio Lula da Silva in the first round of the presidential election. Meanwhile, Chinese EV makers including BYD Co. saw shares drop in Hong Kong after a media report said the UK plans to impose levies on EV imports.

新兴市场股票和货币在软于预期的美国就业数据和油价下跌后上涨，缓解了对美联储激进加息的担忧。MSCI Inc.’s gauge for developing-market equities rose as much as 1.1% on Monday, the largest gain in about two weeks. An index for EM currencies increased 0.3%，while a broad Bloomberg dollar gauge remained little changed. Brent crude fell below $102 per barrel after erasing early gains, following a 2% drop the prior week.

US nonfarm payrolls rose only 29,000 last month, missing all estimates in a Bloomberg survey, leading money markets to price in fewer chances of an October rate increase. Homin Lee, a strategist at Lombard Odier in Singapore, noted that downside surprises in US nonfarm payroll and core PCE inflation are supporting a limited hiking cycle, providing relief for emerging markets. Technology was the top contributor to EM equity gains, with Taiwan Semiconductor Manufacturing Co. shares jumping over 3% on optimism about a potential collaboration with Elon Musk’s Terafab.

Markets in South Korea and mainland China were closed for holidays. Lee expressed tactical bullishness on EM equities and hard currency bonds, citing the region’s positioning to benefit from a broadening global capex boom. In Brazil, an exchange-traded fund in Japan and futures on the real gained after Flávio Bolsonaro unexpectedly led President Luiz Inácio Lula da Silva in the first round of the presidential election.

Meanwhile, Chinese EV makers including BYD Co. saw shares drop in Hong Kong after a media report said the UK plans to impose levies on EV imports.