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This is reflected in the latest article of the International Finance Institute on the behavior of the sale of domestic badets. The latest article from the Institute of International Finance (IIF, for its acronym in English) left solid data on what was the sale of domestic badets.
Afterwards calculates the organization that brings together the major banks and funds from Global Investments, between April and May – when cash outflows began – the flow to Argentina was negative $ 7,000 million in net terms. Read, they left the Argentine badets by non-residents half of what had entered the first quarter of 2018 (about 15,000 million dollars)
The data paint the whole body what was draining on the foreign exchange market, bonds and equities. Of course, in recent days, this trend has stopped but, as we know, there have been several bruises
The highlights of the IIF report
Portfolio outflows not resident of emerging countries increased to US $ 8,000. in June, after $ 6,300 million in May [19659003] However, the largest measure of net capital flows to emerging markets remained solid at nearly $ 27,000 million in May [19659003]. central banks in emerging countries have accumulated more than 113,000 million US dollars of foreign exchange reserves so far this year, which adds to the buffers against the turbulence of the exchange rate market
"While the trade tensions increase during the month, we estimate that emerging markets recorded a net outflow of $ 8 billion from non-residents in June between debt ($ 4.2 billion) and equity (3, $ 8 billion) in the markets, "says the IIF
.The month of June closes the weaker quarter since the end of 2016, emerging markets a variety of winds against .The emerging regions most affected by departures in June were Africa / Middle East (-US $ 4 billion); Asia (- $ 2,700 million) and Latin America (- $ 2,500 million)
According to the US IIF, June has not been different. month began with a noticeable episode of "aversion to buying", investors taking less expensive badets in the emerging universe, followed by an equally striking coup by the l & # 39; 39, increasing trade tensions.
In the first five months of the year, the capital was $ 81,000 million, almost as high as the first five months of 2017. Mexico and Turkey recorded a net increase in inflows net this year, but not enough to finance Turkey's external financing, which decreases in official reserves of dollars. However, Argentina has experienced starts for the second consecutive month. While in Russia, Thailand and the Czech Republic accelerated in May, "details the journal.EN ORSAI
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