Todays Markets

Bloomberg: Turkey to Set Tone Again for Emerging Markets This Week
Events are likely to unfold quickly for emerging markets this week as Turkey and Argentina move to shore up their currencies after they took a battering last month. [more...]

Bloomberg: Asia Stocks Drift; Dollar, U.S. Treasuries Steady: Markets Wrap
Asian stocks were mixed Tuesday amid continuing concerns about stability in emerging markets and prospects for escalating U.S.-China trade tensions. The dollar and Treasury yields were steady. [more...]

Bloomberg: ING to Pay $784 Million in Fines to Settle Dutch Criminal Case
ING Groep NV agreed to pay a fine of 675 million euros ($784 million) to settle a criminal investigation by the Dutch prosecutor into issues including money laundering and corrupt practices. [more...]

Bloomberg: Trump's Trade War With China May Hit Parts of Your Car First
The U.S.-China trade war threatens to make September a very slow month at E.D. Opto Electrical Lighting Co.’s auto-parts factory in the eastern Chinese city of Zhenjiang. [more...]

Bloomberg: Turkey's Lira Needs More Than Intent to Raise Interest Rates
The Turkish lira may have found its footing after the central bank signaled higher interest rates were around the corner, but some investors worry that any lasting relief will require a bold hike that it is loath to deliver. [more...]

Bloomberg: Latin America Nations in Crisis Summit Amid Venezuela Exodus
Government officials from across Latin America and the Caribbean are meeting in Quito to coordinate a response to the regional humanitarian crisis caused by Venezuela’s economic collapse. [more...]

Bloomberg: Going Digital Will Boost Business and Assist ECB, Weidmann Says
Digital technology can bolster economic growth in the euro area and help the European Central Bank in setting monetary policy, according to Bundesbank President Jens Weidmann. [more...]

Bloomberg: Turkish Central Bank Pledges Policy Action to Stem Inflation
Turkey’s central bank signaled higher interest rates are in the offing after inflation rose more than forecast in August and producer prices surged. The lira briefly erased losses after the announcement. [more...]

Reuters: Asian shares hit by trade friction, emerging market tumult; dollar up
Asian shares fell and the dollar turned higher on Tuesday as the trade dispute between the United States and China threatened to escalate this week, and as emergency austerity measures in Argentina underscored the turbulence gripping emerging markets. [more...]

Reuters: U.S. oil prices rise as Gulf oil rigs evacuated ahead of hurricane
U.S. oil prices rose on Tuesday, breaking past $70 per barrel, after two Gulf of Mexico oil platforms were evacuated in preparation for a hurricane. [more...]

CNBC: Oil could surge 30% into the mid-$90s within months, creating $4 per gallon gas: Energy expert 
U.S. crude oil hasn't traded at $95 a barrel in since 2014, but this is the year that could change. Energy expert John Kilduff counts Iran sanctions as the top reason West Texas Intermediate (WTI) could climb as much as 30 percent by winter. [more...]

CNBC: The emerging market crisis is back. And this time it's serious
Markets have a very short attention span. Like babies, they move on quickly from one toy, or in this case an event, to another. For instance, markets seem to have moved on from the formation of the "Fragile Five". [more...]