In financial markets in many emerging economies, although there were some constraints such as uncertainty regarding the future conduct of monetary policy by the Federal Reserve, the financial environment improved supported by firm economic fundamentals.
In financial markets in emerging economies, stock prices and the yield differentials between their sovereign bonds and U.S. Treasuries remained essentially unchanged, except for some countries such as Argentina and Russia.
As for financial markets in emerging economies, stock prices rose and the yield differentials between their sovereign bonds and U.S. Treasuries were stable at low levels in many of these markets.
Regarding financial markets in emerging economies, the financial environment in Brazil improved slightly after the International Monetary Fund(IMF) decided to extend financial support. However, the financial environment in Argentina and Turkey remained unstable.
Financial markets in emerging economies, particularly in Argentina, Brazil, and Turkey, experienced some instability as overseas investors became more risk averse against the background of the fall in stock prices in Europe and the United States.
You explained that Delphi sold energy sector and emerging markets bonds for the purpose of proactive risk reduction. How much percentage of Delphi's total asset is still accounted by such bonds?
In financial markets in many emerging economies, since the middle of August, stock prices had risen and the yield differentials between their sovereign bonds and U.S. Treasuries had narrowed due to factors such as favorable economic performance and the rebound in U.S. stock prices.
In financial markets in many emerging economies, stock prices and foreign exchange rates fell and the yield differentials between their sovereign bonds and U.S. Treasuries widened, due partly to uncertainty about political developments and heightening of geopolitical risks, in addition to the rise in interest rates in the United States and Europe.
In financial markets in many emerging economies, stock prices rose and the yield differentials between their sovereign bonds and U.S. Treasuries narrowed, supported mainly by financial market stability in industrial countries, such as the United States, and the favorable economic fundamentals.
また、エマージング諸国でも、株価は総じて上昇している。
Stock prices in emerging economies were also generally rising.
もう一つの基本的な変化は、エマージング諸国のプレゼンスの拡大です。
Another fundamental change is the increasing presence of emerging market economies.
The economic outlook for Argentina was highly uncertain, and attention must be paid to the future course of the economy together with the effects on other emerging economies.
がエマージング市場のリスクが高まっていると考え、17%が低下していると考えている。
Believe risks in EMs are increasing; 17% believe they are decreasing.
In the emerging economies, the widening of yield spreads of Argentine, Brazilian, and Turkish government bonds vis-à-vis U.S. Treasuries became distinct.
これにより、実体経済への資金の流れがさらに細り、特にエマージング諸国への資金の流れは急減しました。
This further restricted the flow of funds from the financial system to the real economy, and also sharply cut back capital flows to emerging economies.
Meanwhile, emerging economies and oil producing countries have been expanding robustly and are playing a more significant role as pillars of world economic growth.
A few members remarked that financial market developments related to emerging economies, such as those of Argentina, Brazil, and Turkey, were still cause for concern.
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