AIRLINK 159.00 Decreased By ▼ -5.38 (-3.27%)
BOP 10.50 Decreased By ▼ -0.07 (-0.66%)
CNERGY 8.29 Decreased By ▼ -0.11 (-1.31%)
CPHL 88.10 Decreased By ▼ -1.86 (-2.07%)
FCCL 46.87 Decreased By ▼ -0.07 (-0.15%)
FFL 14.90 Decreased By ▼ -0.34 (-2.23%)
FLYNG 25.99 Decreased By ▼ -0.34 (-1.29%)
HUBC 135.70 Decreased By ▼ -0.67 (-0.49%)
HUMNL 12.60 Decreased By ▼ -0.41 (-3.15%)
KEL 4.18 Decreased By ▼ -0.10 (-2.34%)
KOSM 5.36 Decreased By ▼ -0.25 (-4.46%)
MLCF 60.43 Decreased By ▼ -0.36 (-0.59%)
OGDC 211.25 Decreased By ▼ -3.64 (-1.69%)
PACE 5.38 Decreased By ▼ -0.16 (-2.89%)
PAEL 41.01 Decreased By ▼ -0.99 (-2.36%)
PIAHCLA 18.91 Increased By ▲ 1.17 (6.6%)
PIBTL 10.02 Decreased By ▼ -0.21 (-2.05%)
POWER 11.81 Decreased By ▼ -0.09 (-0.76%)
PPL 170.05 Decreased By ▼ -4.17 (-2.39%)
PRL 35.00 Decreased By ▼ -0.54 (-1.52%)
PTC 23.69 Increased By ▲ 0.75 (3.27%)
SEARL 93.00 Decreased By ▼ -2.04 (-2.15%)
SSGC 36.00 Decreased By ▼ -0.61 (-1.67%)
SYM 13.74 Decreased By ▼ -0.19 (-1.36%)
TELE 7.06 Decreased By ▼ -0.18 (-2.49%)
TPLP 10.00 Decreased By ▼ -0.27 (-2.63%)
TRG 60.90 Decreased By ▼ -0.63 (-1.02%)
WAVESAPP 10.20 Decreased By ▼ -0.12 (-1.16%)
WTL 1.30 Decreased By ▼ -0.02 (-1.52%)
YOUW 3.65 Decreased By ▼ -0.04 (-1.08%)
BR100 12,298 Decreased By -95.7 (-0.77%)
BR30 36,736 Decreased By -371.8 (-1%)
KSE100 114,609 Decreased By -923.1 (-0.8%)
KSE30 35,400 Decreased By -262 (-0.73%)

BENGALURU: Equities in emerging markets slipped on Monday as lacklustre performances of China shares weighed, while most currencies flitted in a narrow range ahead of a plethora of global economic data this week including a crucial US jobs print.

As of 0850 GMT, MSCI’s index for emerging market stocks dipped 0.3%, a while a gauge for currencies dipped 0.1%.

Focus this week would be on US jobs report, due on Friday, which could be key for investors to gauge the size of potential rate cuts by the Federal Reserve this month.

“Our view remains that the US employment picture should slow down over the coming months, but that slowdown is consistent with a soft landing scenario,” Mohit Kumar, chief economist-strategist, Europe, Jefferies said in a note.

EM heavyweight Chinese shares closed more than 1% lower, with property stocks at the helm of losses, while onshore yuan dipped 0.3% after strengthening in the past six weeks.

Investors appeared to shrug off a private sector survey that showed China’s manufacturing activity in August swung back to growth, offering a glimmer of hope amid a string of dismal economic data this summer.

Traders also parsed a raft of data in Europe, with Hungary’s seasonally adjusted purchasing managers’ index (PMI) contracting for the third straight month in August, while Poland’s manufacturing sector declined slightly less last month than in July.

Poland’s zloty, Czech crown and the Hungarian forint were range-bound against the euro. A separate reading showed Turkey’s economy expanded by a less-than-expected 2.5% in the second quarter of the year, cooling in the face of a year-long monetary tightening drive.

Comments

Comments are closed.