每日更新 - 火鸡能给予感谢吗…?The Daily Update - Can Turkey give thanks...?

今天庆祝感恩节快乐。唐纳德·特朗普在他的感恩节假期中呼吁团结,受到好评;我们希望全球各部门开始恢复。

今天应该是一个典型安静的交易,因为美国要尽情享用4600火鸡。奥巴马执行了他最后一次作为总统火鸡赦免,并备份副火鸡”马铃薯养精蓄锐伺机再战。同时,在英国,我们的一个同事仍在试图寻找普通火鸡。

谈到土耳其,最近的全球不确定性和波动性继续损害土耳其里拉,里拉兑美元贬值到历史最低点。随着里拉~10%的崩溃,本月加上土耳其总统埃尔多安呼吁保持低借款利率刺激增长的意图,中央银行在今天的政策会议面临的压力越来越大。

由于货币对通货膨胀的影响较小,中央银行上个月维持利率。然而,为了保护货币和投资者情绪,央行今天通过将回购利率提高50个基点8%来抵消市场预期,并将贷款利率从8.25%提高到8.5;这是2014年以来首次上升。借款利率维持在7.25%;原因很明显。

里拉在之后立刻恢复了一些,不过在撰写本文的时候很快又回到了新的低点。正如常规读者会知道的,我们从来没有持有土耳其债务,主要原因是该国有一个只有2星级的斯特拉顿街NFA分数; 因此不在我们的可投资的范围之内。我们还预测该地区的债券要么接近公允价值,要么相对价值昂贵。

自从唐纳德·特朗普(Donald Trump-ed)当选总统以来,高度敏感的市场已经看到强势的美元大大削弱了大多数新兴货币; 例如,菲律宾比索正以2008年交易水平进行交易,马来西亚林吉特本月已经下跌近6%,达到历史最低水平。实际上对美元的冲击仍然有弹性的新兴货币只有俄罗斯卢布,新台币,以及在某种程度上,中国人民币。自美国选举之日起,人民币现货汇率下降不到2;并相对中国外汇交易中心一篮子货币有所升值。

Please read this important information before proceeding. It contains legal and regulatory notices relevant to the information on this site.

This website provides information about Stratton Street Capital LLP ("Stratton Street"). Stratton Street is authorised and regulated by the UK's Financial Conduct Authority. The content of this website has been prepared by Stratton Street from its records and is believed to be accurate but we do not accept any liability or responsibility in respect of the information of any views expressed herein. The information, material and content provided in the pages of this website may be changed at any time by us. Information on this website may be out of date and may not be updated or removed.

The website is provided for the main purpose of providing generic information on Stratton Street and on our investment philosophy for the use of financial professionals in the United Kingdom that qualify as Professional Clients or Eligible Counterparties under the rules of the United Kingdom Financial Conduct Authority (the "FCA"). The information in this website is not intended for the use of and should not be relied on by any person who would qualify as a Retail Client. Products and services referred to on this website are offered only at times when, and in jurisdictions where, they may be lawfully offered. The information on this website is not directed to any person in the United States. The provision of the information on this website does not constitute an offer to purchase securities to any person in the United States (other than a professional fiduciary acting for the account of a non-U.S person) or to any U.S. person as such term is defined under the Securities Act of 1933, as amended.

The website is not intended to offer investors the opportunity to invest in any Alternative Investment Fund ("AIF") product. The AIFs managed by Stratton Street are not being marketed in the European Economic Area ("EEA") and any eligible potential investor from the EEA who wishes to obtain information on the AIFs will only be provided with materials upon receipt by Stratton Street of an appropriate reverse solicitation request in accordance with the requirements of the EU Alternative Investment Fund Managers Directive ("AIFMD") and national law in their home jurisdiction. By proceeding you confirm that you are not accessing this website in the context of a potential investment by an EEA investor in the AIFs managed by Stratton Street and that you have read, understood and agree to these terms.

No information contained in this website should be deemed to constitute the provision of financial, investment or other professional advice in any way. The website should not be relied upon as including sufficient information to support any investment decision. If you are in doubt as to the appropriate course of action we recommend that you consult your own independent financial adviser, stockbroker, solicitor, accountant or other professional adviser. Past performance is not necessarily a guide to the future. The value of investments and the income from them may go down as well as up. An application for any investment or service referred to on this site may only be made on the basis of the offer document, key features, prospectus or other applicable terms relating to the specific investment or service.

Where we provide hypertext links to other locations on the Internet, we do so for information purposes only. We are not responsible for the content of any other websites or pages linked to or linking to this website. We have not verified the content of any such websites. Such websites may contain products and services that are not authorised in your jurisdiction. Following links to any other websites or pages shall be at your own risk and we shall not be responsible or liable for any damages or in other way in connection with linking.

By using this site, you should be aware that we may disclose any information that we hold about you to any regulatory authority to which we are subject, or to any person legally empowered to require such information.

This website uses cookies to improve user experience, by clicking the "I Accept" button below means you consent to the use of cookies on our website.