IMF warns some emerging-market countries could face ‘severely adverse’ capital outflows – will Philippine be caught in this crisis!! Yes!!
NUSA DUA, Indonesia — A new study by the International Monetary Fund projects emerging economies will muddle through recent market turbulence without a severe shock to their financial systems, but flags an outside chance of a crisis.
A few countries, such as Argentina, are expected to suffer contractions. But most will continue to experience growth, despite sometimes drastic declines in their currencies, the IMF said in its Financial Stability Report, released at its annual meetings in Indonesia. In a “severely adverse” scenario, the IMF says capital could flood out of countries at a pace not seen since the 2008 global financial crisis. Read More @https://www.marketwatch.com/story/imf-warns-some-emerging-market-countries-could-face-severely-adverse-capital-outflows-2018-10-09
Asian shares subdued as global growth woes linger; sterling rises
Asian shares steadied in early Wednesday trade after world stocks hit eight-week lows the previous day on worries about global economic growth, although the pound stayed firm on hopes for a Brexit deal. Read More @ https://www.reuters.com/article/us-global-markets/asian-shares-subdued-as-global-growth-woes-linger-sterling-rises-idUSKCN1MK059?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29
MORE BAD NEWS – Sears said to hire advisers as it prepares to file for bankruptcy
Sears Holdings Corp. has hired M-III Partners LLC to prepare a bankruptcy filing that could come as soon as this week, according to people familiar with the situation, as the cash-strapped company that once dominated American retailing faces a debt payment deadline. Employees at M-III Partners, a boutique advisory firm, have spent the past few weeks working on the potential filing, the people said. In recent days, M-III staff have been at the retailer’s headquarters in Hoffman Estates, Ill., one person said. Sears continues to discuss other options and could still avert an in-court restructuring, the people added. Read More @ https://www.marketwatch.com/story/sears-said-to-hire-advisers-as-it-prepares-to-file-for-bankruptcy-2018-10-09?siteid=rss&rss=1
WHAT IS PSEi SAYING TODAY? DOWN!!
Don’t rush to go into the market yet; the bashing have just started and worst is in the making…”impatient traders pays the patient traders” remember that.
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