Trade fears, social unrest in Hong Kong and Brexit uncertainties weighed on markets in August. Franklin Templeton Emerging Markets Equity expects continued volatility, but an interest rate cut from the US central bank in September could help stabilize emerging market currencies. The team shares its latest outlook.
Three Things We’re Thinking About Today
- August saw US-China trade tensions escalate, with several rounds of retaliatory actions following US President Donald Trump’s announcement early in the month of new tariffs on Chinese goods. The United States also formally labeled China as a currency manipulator after the Chinese