This morning a delegation of five people from South Korea should arrive in Pyongyang to resume nuclear talks between the US and the DPRK. Donald Trump expressed his disappointment in the negotiations earlier, also pointing out that Beijing has a great influence on the DPRK, and at the moment, relations between the two largest economies remain tense, given the intentions of the head of the White House to introduce additional duties on Chinese goods with the size of 200 billion dollars.
Developing markets are under pressure because Turkey, Indonesia, Argentina, and South Africa have all entered a recession. The MSCI Inc. currency index decreased to the lowest level for the year. Furthermore, investors are concerned about the steps of the central bank of Turkey, which will be announced next week. At the same time, the Indonesian rupee has fallen to the lowest level in two decades.
The dollar index has continued to strengthen throughout the week and is currently at 95.50.
Energy prices have receded from peaks and the markets are waiting for today's publication of data on crude oil reserves.
