Todays Markets

Bloomberg: Asia Stocks in Worst Week Since March; Yen Rises: Markets Wrap
Asian stocks retreated further on Friday, set for the worst week since March, thanks to continuing worries about emerging markets and the outlook for the technology sector’s earnings. The yen headed for its biggest two-day gain since July. [more...]

Bloomberg: These Are the Cities With the Most Ultra-Rich People
New York has lost its crown as home to the most ultra-rich people, beaten out by the rising tide of extreme wealth in Asia. Hong Kong surpassed the Big Apple as the city with the highest population of people worth at least $30 million, according to a new report. [more...]

Bloomberg: Cryptocurrencies Fall Off Another Cliff
Cryptocurrencies dropped sharply for the second time in less than 24 hours, sinking toward a nine-month low amid concern that broader adoption of digital assets will take longer than some anticipated. [more...]

Bloomberg: Here's How Trump Can Formally Call China a Currency Manipulator
If President Donald Trump wants to follow through on his repeated threats to label China a currency manipulator, all he has to do is turn back the clock. [more...]

Bloomberg: Emerging Stocks Fall Into Bear Market; More Pain Expected
Expect more short-term pain, investors said, after emerging-market stocks tipped into a bear market. The MSCI Emerging Market Index closed down 0.3 percent in New York on Thursday. That took its decline from a Jan. 26 high to just over 20 percent, the threshold for a bear market.  [more...]

Bloomberg: Oil Set for Weekly Loss as Emerging-Market Contagion Fears Grow
Oil is poised for the biggest weekly decline since mid-July as a rout in emerging markets raises contagion fears while government data showing growing inventories at a key U.S. storage hub also weighed on prices. [more...]

Bloomberg: The Australian Dollar Is Acting Like an Emerging-Market Currency
Australia’s dollar is finding itself in unusual company these days, getting sold along with former emerging-market darlings such as the Indonesian rupiah and Indian rupee. [more...]

Reuters: U.S.-Canada trade talks grind on, but 'final' issues unresolved
U.S. and Canadian negotiators pushed ahead in grinding talks to rescue the North American Free Trade Agreement on Thursday, but a few stubborn issues stood in the way of a deal, including dairy quotas, protection for Canadian media companies, and how to resolve future trade disputes. [more...]

Reuters: U.S. job growth seen picking up, unemployment rate falling
U.S. job growth likely accelerated in August, with the unemployment rate expected to have fallen back to an 18-year low of 3.8 percent, which would bolster views that the economy was so far weathering the Trump administration’s escalating trade war with China. [more...]

CNBC: Japan has become the 'obvious target' for Trump's next trade salvo
In a recent conversation with the Wall Street Journal, Trump described his good relations with the Japanese leadership but then added: "Of course that will end as soon as I tell them how much they have to pay." [more...]

CNBC: A handful of Asia's currencies are holding up amid the carnage hitting their peers
Amid the carnage in emerging market currencies over the past two weeks, a few have held up relatively well. One, the Thai baht, has actually stood out for its exceptional performance. [more...]