Emerging markets

April 8, 2025 2:27 PM

US is starting to look like an emerging market after tariff shock, Euronext CEO says

The United States is starting to resemble an emerging market more than a developed country, Euronext's CEO Stephane Boujnah said on Tuesday as financial markets remained volatile after the imposition of sweeping U.S. tariffs. "Fear exists all over," the head of the pan-European stock exchange operator told France Inter radio. "The country (United States) is unrecognisable and we are living in a transition period. There is a certain form of mourning, because the United States that we had known f...

FX, stocks steady ahead of Trump’s inauguration; eyes on Gaza ceasefire

Emerging market currencies were broadly steady on Friday as investors exercised caution ahead of U.S. President-elect Donald Trump's inauguration next Monday, while also monitoring developments in the Middle East after the Gaza ceasefire deal. Investors' focus was on a meeting of the Israeli cabinet, which is expected to give final approval to a deal with Hamas for a ceasefire and release of hostages. Israel's shekel was set to notch its best week since November. Israel's government dollar bon...