Emerging Markets Look to Hold the Line as U.S. Disarray Mounts

(Bloomberg) — Put aside the inevitable hit that risk assets are taking as a result of President Donald Trump’s sickness. Emerging markets can celebrate a few plus points.



a vase of flowers on a table: A worker monitors flowers in crates as they move along a conveyor belt in the warehouse at the Multiflora (PTY) Ltd. Flower Market in Johannesburg, South Africa, on Tuesday, Aug. 25, 2020. South Africa's coronavirus epidemic is on a downward curve, with new infections, hospital admissions and the positivity rate all showing declines.


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A worker monitors flowers in crates as they move along a conveyor belt in the warehouse at the Multiflora (PTY) Ltd. Flower Market in Johannesburg, South Africa, on Tuesday, Aug. 25, 2020. South Africa’s coronavirus epidemic is on a downward curve, with new infections, hospital admissions and the positivity rate all showing declines.

Staring down almost $16 trillion of negative-yielding debt worldwide, investors will continue to be drawn to the higher returns offered by emerging-market assets and the prospect of an economic recovery next year, analysts say. Developing-nation currencies are also benefiting from broad dollar weakness, with the U.S. currency still below its 200-day moving average. Trump’s diagnosis has also made it more likely Congress and the White House will

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The Technology 202: TikTok’s future is uncertain as backlash mounts in Washington

Trump, who previously pushed for a full sale of the TikTok service to an American company and threatened to otherwise ban the service, added that he expects to be briefed today on the proposal to make Oracle TikTok’s “trusted technology partner.”

“It has to be 100 percent as far as national security is concerned, and no, I’m not prepared to sign off on anything,” Trump said. “I have to see the deal.” 

The proximity to Nov. 3 makes it a toss-up whether Trump will seek a tough line on China – or compromise and call it a win. 

The key question is whether the deal proposed earlier this week to outsource data management to Oracle would do enough to address national security concerns that ByteDance could share Americans’ data with the Chinese government. 

Top administration officials, including Secretary of State Mike Pompeo, have raised concerns about such an arrangement, according

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