Emerging Markets https://www.benzinga.com/views/taxonomy/term/125558 en Emerging Market Currencies Feel The Effects Of The Lira's Losses https://www.benzinga.com/news/18/08/12235601/emerging-market-currencies-feel-the-effects-of-the-liras-losses <p>A basket of emerging market currencies was sold off this week fuelling speculation that the Turkish Lira&#39;s losses could be spreading to other economies. Emerging market currencies such as the South African Rand, Argentinian Peso and&nbsp;the Indian Rupee all saw&nbsp;significant declines this week. Not escaping the ripples from the fallout, stock markets and commodity prices have also been devalued.</p> <p>Experts are now concerned that emerging market economies that had&nbsp;enjoyed an era of cheap cash to fuel development, infrastructure projects and investment will also now begin to feel the effects.</p> <p>Whilst many of the issues surrounding Turkey&#39;s financial downfall can be related to policy and the nation&#39;s souring relationship with the U.S., economists remain concerned that this could be the first of many emerging market economies at risk.</p> <h3>The South African Rand</h3> <p>The Turkish Lira slide has taken its toll notably on the South African Rand,&nbsp;which has tumbled to a 24-month low against the dollar. While&nbsp;much of the decline has been due to a lack of appetite for emerging market currencies caused by the Lira&#39;s downfall. The USD/ZAR has been ...</p><p><a href=https://www.benzinga.com/news/18/08/12235601/emerging-market-currencies-feel-the-effects-of-the-liras-losses alt=Emerging Market Currencies Feel The Effects Of The Lira&#039;s Losses>Full story available on Benzinga.com</a></p> contributor contributors News TCEHY Emerging Markets Forex Markets TCEHY News Emerging Markets Forex Markets Benzinga Tue, 21 Aug 2018 16:00:45 +0000 Peter Downing 12235601 at https://www.benzinga.com 3 Cannabis Companies Discuss Emerging Market Opportunities https://www.benzinga.com/markets/cannabis/18/08/12230081/3-cannabis-companies-discuss-emerging-market-opportunities <p>Key players in the <a href="http://www.benzinga.com/investing/marijuana-stocks/">cannabis industry</a> shared their views on emerging market opportunities in the sector at the Benzinga <a href="https://www.benzingacannabisconference.com/">Cannabis Capital Conference</a> in Toronto. Common themes among the execs were the importance of finding good partners, focusing on diversity and expanding brands.</p> <h3>Supreme Cannabis Company President Nav Dhaliwal</h3> <ul> <li>&ldquo;The company focuses on endeavors on a domestic and global level. Medical is a very international market; we see us [as] having a certain advantage long-term.&rdquo;</li> <li>&ldquo;Foreign investment is a commodity and will be treated that way in pharmaceutical and medical markets. You have to be creative about how you are going to market and compete with other markets.&rdquo;</li> </ul> <h3>Pistil ...</h3><p><a href=https://www.benzinga.com/markets/cannabis/18/08/12230081/3-cannabis-companies-discuss-emerging-market-opportunities alt=3 Cannabis Companies Discuss Emerging Market Opportunities>Full story available on Benzinga.com</a></p> Avicanna Cannabis Cannabis Capital Conference HMLSF marijuana medical marijuana MJ News Pistil + Sigma SPRWF Supreme Cannabis Co. Emerging Markets Events Markets SPRWF CA86863P1099 MJ HMLSF News Cannabis Emerging Markets Events Markets Benzinga Mon, 20 Aug 2018 20:04:11 +0000 Hannah Genig 12230081 at https://www.benzinga.com Trade Talks And Jackson Hole Top The Agenda: 5 Things The Global Markets Are Talking About Today https://www.benzinga.com/government/18/08/12229266/trade-talks-and-jackson-hole-top-the-agenda-5-things-the-global-markets-ar <p>With &quot;Risk On Risk Off&quot; trading strategies dominating proceedings this summer, expect this to be another action-packed week despite the lack of economic data releases.</p> <p>A stronger U.S. dollar and higher interest rates are pushing emerging&nbsp;economies into bear&nbsp;territory and their respective currency pairs have seen extreme volatility even in presence of the own central banks.</p> <p>Officials from China will be Washington on Tuesday and Thursday&nbsp;to work towards a solution for the&nbsp;escalating trade war.</p> <p>In Europe, investors are beginning to set their sights on Italy&nbsp;as politics and budget concerns have euro bulls worried.</p> <p>Due to the emerging markets&nbsp;meltdown and weaker domestic fundamentals, the Chinese yuan is threatening to trade through the psychological key &yen;7 handle for the first time in a decade. Expect the People&#39;s Bank of China (PBoC) to defend any further yuan weakness, especially through the trade talks.</p> <p>Fed Chair Jerome Powell is scheduled to speak on Friday, at the annual global central bank conference in Jackson Hole. He will speak on &quot;monetary policy in a changing economy.&quot;</p> <p><strong>On tap:</strong> There are no central bank meetings this week, but there will be a lot of central bank speeches and copy. AUD monetary policy minutes (Monday), New Zealand&nbsp;retail sales (Tuesday), Canada retail sales and&nbsp;FOMC meeting minutes (Wednesday), European Central Bank monetary policy meeting minutes (Thursday) and U.S. core-durable goods orders (Friday).</p> <p>With all this in mind, here are five things the global markets were talking about on Monday.</p> <h3>1. Global Stocks Find Support</h3> <p>Contagion worries continue to have an impact on investor risk sentiment, especially in emerging markets.</p> <p>Overnight, there were advances across most Asian equities, although Japanese stocks bucked the upward trend. The Nikkei fell as tech stocks weakened, while trading was thin as investors&#39; awaited developments from trade talks expected between the U.S and China this week. The Nikkei share average dropped 0.3 percent, matched by&nbsp;the broader Topix, which declined 0.3 percent&nbsp;in the lowest traded volume in four-months.</p> <p>Down-under, Aussie stocks edged a tad higher, as cautious outlook from retailers offset gains from materials stocks, which were supported by upcoming Sino-U.S. trade talks. The S&amp;P/ASX 200 index added 0.1 percent&nbsp;after recording a 0.2 percent&nbsp;gain ...</p><p><a href=https://www.benzinga.com/government/18/08/12229266/trade-talks-and-jackson-hole-top-the-agenda-5-things-the-global-markets-ar alt=Trade Talks And Jackson Hole Top The Agenda: 5 Things The Global Markets Are Talking About Today>Full story available on Benzinga.com</a></p> contributor contributors GLD Government News WTI Emerging Markets Eurozone Commodities Forex Treasuries Global Econ #s Markets GLD US78463V1070 WTI US92922P1066 News Government Emerging Markets Eurozone Commodities Forex Treasuries Global Econ #s Markets Benzinga Mon, 20 Aug 2018 15:12:44 +0000 OANDA 12229266 at https://www.benzinga.com Another Week Of Woes For The Turkey ETF https://www.benzinga.com/analyst-ratings/analyst-color/18/08/12227488/another-week-of-woes-for-the-turkey-etf <p>Compared to the prior week, last week wasn&#39;t all that bad for the <strong>iShares MSCI Turkey ETF</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tur#NYSE">TUR</a>). The only U.S.-listed exchange traded fund dedicated to Turkish stocks lost 0.79 percent last week.</p> <p>TUR is still down almost 23 percent month-to-date and more than 51 percent year-to-date. More bad news for Turkey arrived Friday after the close of U.S. markets when Standard &amp; Poor&#39;s&nbsp;cut the country&#39;s credit rating deeper into junk territory.</p> <h3>What Happened</h3> <p>S&amp;P lowered Turkey&#39;s long-term foreign currency sovereign credit rating to B+ and the long-term local currency rating to BB-. Last month, Fitch Ratings issued a BB sovereign rating for Turkey with a negative outlook. In early June, Moody&#39;s Investors Service had a ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/18/08/12227488/another-week-of-woes-for-the-turkey-etf alt=Another Week Of Woes For The Turkey ETF>Full story available on Benzinga.com</a></p> Analyst Color Fitch Ratings Moody's News Standard & Poor's TUR Turkey Short Ideas Emerging Markets Downgrades Emerging Market ETFs Top Stories Markets Analyst Ratings Trading Ideas ETFs TUR US4642867158 News Analyst Color Short Ideas Emerging Markets Downgrades Emerging Market ETFs Top Stories Markets Analyst Ratings Trading Ideas ETFs Benzinga Sat, 18 Aug 2018 13:41:43 +0000 ETF Professor 12227488 at https://www.benzinga.com This ETF Loves Turkish Turmoil https://www.benzinga.com/trading-ideas/long-ideas/18/08/12196567/this-etf-loves-turkish-turmoil <p>The 11 percent slide <strong>iShares MSCI Turkey ETF</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tur#NASDAQ">TUR</a>) took on Monday had a sequel on Friday&#39;s open, slumping another 5 percent.&nbsp; The volume from the initial sell off was more than 12 times the daily average as that country&#39;s efforts to prop up its flailing currency, the lira, delivered no positive results.</p> <p>All told, TUR is off 25 percent from its August high. Although Turkey is a negligible part of the MSCI Emerging Markets Index, that benchmark is wilting in the wake of the Turkish turmoil and is off 3.2 percent over the pat week.</p> <h3><strong>What Happened</strong></h3> <p>What is bad for Turkish stocks and the broader emerging markets complex is beneficial to the <strong>Direxion Daily ...</strong></p><p><a href=https://www.benzinga.com/trading-ideas/long-ideas/18/08/12196567/this-etf-loves-turkish-turmoil alt=This ETF Loves Turkish Turmoil>Full story available on Benzinga.com</a></p> Direxion ETF EDC EDZ Long Ideas News TUR Short Ideas Emerging Markets Emerging Market ETFs Trading Ideas ETFs EDC US25459Y6867 EDZ US25459W4823 TUR US4642867158 Long Ideas News Short Ideas Emerging Markets Emerging Market ETFs Trading Ideas ETFs Benzinga Fri, 17 Aug 2018 19:23:57 +0000 ETF Professor 12196567 at https://www.benzinga.com How Traders Are Treating The Turkey ETF https://www.benzinga.com/markets/cryptocurrency/18/08/12206953/how-traders-are-treating-the-turkey-etf <p>The <strong>iShares MSCI Turkey ETF </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tur#NASDAQ">TUR</a>) jumped 11.27 percent on more than five times the average daily volume Tuesday. While that sounds impressive, the lone U.S.-listed exchange traded fund dedicated to Turkish stocks is still down nearly 19 percent over the past week.</p> <p>Investors are apt to pin the woes of Turkish stocks on the weak lira, a currency that Turkey and its central bank are proving inept at defending. That is bad news for TUR, which is not a currency hedged ETF. Entering Tuesday, the Turkish lira was not just the worst-performing emerging markets currency in 2018:&nbsp;its year-to-date loss exceeded what&#39;s found in the downtrodden cryptocurrency universe.</p> <h3>What Happened</h3> <p>Traders are deploying a variety of tools, including TUR and credit default swaps&nbsp;on Turkish debt, to establish bearish positions on the country&#39;s assets.</p> <p>&ldquo;As concerns about the Turkish economy ...</p><p><a href=https://www.benzinga.com/markets/cryptocurrency/18/08/12206953/how-traders-are-treating-the-turkey-etf alt=How Traders Are Treating The Turkey ETF>Full story available on Benzinga.com</a></p> Cryptocurrency ishares Markit News TUR Turkey Short Ideas Emerging Markets Emerging Market ETFs Top Stories Markets Trading Ideas ETFs TUR US4642867158 News Cryptocurrency Short Ideas Emerging Markets Emerging Market ETFs Top Stories Markets Trading Ideas ETFs Benzinga Wed, 15 Aug 2018 13:36:28 +0000 ETF Professor 12206953 at https://www.benzinga.com Forex Experts Discuss Turkey, Lira Meltdown https://www.benzinga.com/analyst-ratings/analyst-color/18/08/12190852/forex-experts-discuss-turkey-lira-meltdown <p>Turkey&#39;s&nbsp;national currency, the lira, continues to trade near all-time lows against the U.S. dollar, and the country is <a href="https://www.bbc.co.uk/news/business-45165629">approaching an economic crisis</a>, the BBC reported. Here&#39;s&nbsp;what investors need to know Monday morning.</p> <h3>The Analysts</h3> <ul> <li>Jose Luis Daza, chief investment officer at QFR Capital Management.</li> <li>Vincent Deluard of INTL FCStone Financial.</li> <li>Mark Newton, technical analyst at Newton Advisors.</li> </ul> <h3>Daza: Potential Credit Crisis</h3> <p>Turkey&#39;s <a href="https://www.benzinga.com/government/18/08/12184039/the-turkish-crisis-what-you-need-to-know-about-erdogan-the-lira-turkey">financial problems</a> are so large, they will require &quot;something very special to short-circuit the crisis,&quot; Daza said on&nbsp;<a href="https://www.cnbc.com/video/2018/08/13/turkeys-problems-could-mutate-into-credit-crisis-says-cio.html">CNBC&#39;s &quot;Squawk Box&quot; segment</a>&nbsp;Monday. As it stands now <a href="http://www.benzinga.com/topic/turkey">the country&#39;s </a>financial problems are limited to its currency, but the situation could transform into a credit crisis, as many&nbsp;Turkish&nbsp;companies owe debt denominated in U.S. dollars, he said.&nbsp;</p> <p>Turkey&#39;s central bank holds the lowest level of net international reserves of all emerging markets with a very large current account deficit, Daza&nbsp;said. The government needs a ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/18/08/12190852/forex-experts-discuss-turkey-lira-meltdown alt=Forex Experts Discuss Turkey, Lira Meltdown>Full story available on Benzinga.com</a></p> Analyst Color BBC BNPQY BVRDF CNBC foreign exchange Jose Luis Daza lira Mark Newton News TUR Turkey Turkish lira UNCFF Vincent Deluard Emerging Markets Forex Top Stories Markets Analyst Ratings Media TUR US4642867158 UNCFF BVRDF BNPQY US05565A2024 News Analyst Color Emerging Markets Forex Top Stories Markets Analyst Ratings Media Benzinga Mon, 13 Aug 2018 13:17:57 +0000 Jayson Derrick 12190852 at https://www.benzinga.com AxisWire: Cannabis Companies Are Moving To Canada, Its Friendlier Legal Climate https://www.benzinga.com/markets/cannabis/18/08/12146740/axiswire-cannabis-companies-are-moving-to-canada-its-friendlier-lega <p>Investors should expect a rise in&nbsp;cannabis IPOs in Canada &mdash;&nbsp;rather than the U.S. &mdash;&nbsp;due to the country&#39;s <a href="https://www.benzinga.com/government/18/06/11911059/canada-legalizes-recreational-marijuana-nationwide-beginning-oct-17-expert">legalization of recreational use</a>, according to AxisWire&#39;s 2018 Cannabis Trend Report.&nbsp;</p> <h3>What Happened</h3> <p>Canada possesses more short-term advantages for going public, as cannabis business owners benefit from operating in a market that carries little legal risk.</p> <p>&ldquo;Sure, nine states have legalized recreational cannabis, but it&rsquo;s still <a href="https://www.benzinga.com/news/18/01/10989323/cannabis-experts-discuss-the-silver-lining-in-jeff-sessions-marijuana-policy">federally illegal</a>. U.S. cannabis companies continuously have to look over their shoulders, hoping that the federal government isn&rsquo;t about to kick down their door and make their business close its doors for good,&rdquo; the report said.</p> <p>Canadian company <strong>Sunniva, ...</strong></p><p><a href=https://www.benzinga.com/markets/cannabis/18/08/12146740/axiswire-cannabis-companies-are-moving-to-canada-its-friendlier-lega alt=AxisWire: Cannabis Companies Are Moving To Canada, Its Friendlier Legal Climate>Full story available on Benzinga.com</a></p> AxisWire Cannabis NASDAQ NYSE SNN Emerging Markets Markets Media General SNN US83175M2052 Cannabis Emerging Markets Markets Media General Benzinga Sat, 11 Aug 2018 18:09:42 +0000 Hannah Genig 12146740 at https://www.benzinga.com Pot Stocks, ETFs, Top News And Data From The Cannabis Industry This Week https://www.benzinga.com/markets/cannabis/18/08/12186608/pot-stocks-etfs-top-news-and-data-from-the-cannabis-industry-this-we <p>It&rsquo;s the last week before the Benzinga <a href="https://www.benzingacannabisconference.com/">Cannabis Capital Conference</a>, the premier gathering of cannabis entrepreneurs and investors in North America, which will take place in Toronto next Thursday and Friday.</p> <p><strong>El Grupo Daabon</strong>, the largest organic agriculture company in South America,&nbsp;entered&nbsp;into joint venture with Canada-based Avicanna to cultivate and process cannabis. Daabon is now the <a href="https://www.benzinga.com/news/18/08/12132958/daabon-strikes-deal-with-avicanna-becoming-the-largest-agro-company-to-enter-the">largest agro company</a> in the world with an active participation in the marijuana industry.</p> <p>On the earnings front, we saw multiple companies report results, including <strong>GW Pharmaceuticals </strong>and <strong>Insys Therapeutics</strong>.</p> <p>&ldquo;It wasn&#39;t the numbers that stood out but their other comments in these reports,&rdquo; Debra Borchardt, CEO of Green Market Report told Benzinga. &ldquo;For GW Pharmaceuticals, that company insisted that cannabis will be rescheduled in order for its drug Epidiolex to be launched. So far there has been no word from the FDA regarding a move like this. With Insys, it was their decision to settle with the DOJ for its kickback scheme to the tune of $150 million to be paid over the next five years.&rdquo;</p> <p>The other big news this week was the <a href="https://www.benzinga.com/news/18/08/12148550/todays-top-marijuana-stock-news-surterras-65m-raise-gtis-ceo-departure-avicanna-">addition of chewing gum heir</a> William Wrigley to the board of Surterra Wellness. &ldquo;He also helped them raise $65 million,&rdquo; Borchardt added.</p> <h3><strong>Marijuana Indexes &amp; ETFs</strong></h3> <p>In the capital markets realm, the <strong>United States Marijuana Index, </strong>which tracks 18 of the largest marijuana stocks in the U.S., gained roughly 4 percent this week, while the <strong>North American Marijuana Index</strong>, which also includes Canadian stocks, surged about 2.6 percent.*</p> <p>Over the last five trading days, the <strong>Horizons Marijuana Life Sciences Index ETF</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/hmlsf#OTC">HMLSF</a>) (TSE:HMMJ) gained 0.4 percent, while the <strong>ETFMG Alternative Harvest ETF </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mj#NYSE">MJ</a>) lost 0.8 percent. The <strong>SPDR S&amp;P 500 ETF Trust </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spy#NYSE">SPY</a>) closed the week almost flat.</p> <h3><strong>Stock Moves</strong></h3> <p>Here are some of the top marijuana stocks (market cap above $100 million) in U.S. exchanges and how the performed over the last five trading days:</p> <ul> <li><strong>22nd Century Group Inc </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xxii#NYSE">XXII</a>): up 3 percent</li> <li><strong>Aphria Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/aphqf#OTC">APHQF</a>): down 1.5 percent</li> <li><strong>Aurora Cannabis Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/acbff#OTC">ACBFF</a>): down 7.7 percent</li> <li><strong>CannTrust Holdings Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/cnttf#OTC">CNTTF</a>): up 2.5 percent</li> <li><strong>Canopy Growth Corp </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cgc#NYSE">CGC</a>): up 7.6 percent</li> <li><strong>Cronos Group Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cron#NASDAQ">CRON</a>): up 1.6 percent</li> <li><strong>Green Organic Dutchman Holdings Ltd </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/tgodf#OTC">TGODF</a>)<strong> </strong>down 3.3 percent</li> <li><strong>Green Thumb Industries Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/gtbif#OTC">GTBIF</a>) down 8.3 percent</li> <li><strong>GW Pharmaceuticals PLC- ADR </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gwph#NASDAQ">GWPH</a>): up 3.5 percent</li> <li><strong>Hiku Brands Company Ltd</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/djacf#OTC">DJACF</a>): up 10.4 percent</li> <li><strong>iAnthus Capital Holdings Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ithuf#OTC">ITHUF</a>): down 5 percent</li> <li><strong>Medical Marijuana Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/mjna#OTC">MJNA</a>) down 7.3 percent</li> <li><strong>MedMen Enterprises Inc.</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mmnff#OTC">MMNFF</a>) down 1.6 percent</li> <li><strong>Scotts Miracle-Gro Co </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smg#NYSE">SMG</a>): down 4.3 percent</li> <li><strong>THC Biomed Intl Ltd </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/thcbf#OTC">THCBF</a>): down 3.3 percent</li> <li><strong>Tilray Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlry#NASDAQ">TLRY</a>) up 6 percent</li> <li><strong>Zynerba Pharmaceuticals Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zyne#NASDAQ">ZYNE</a>): up 16.3 percent</li> </ul> <h3><strong>In Other News</strong></h3> <p><strong>MedMen </strong><a href="https://www.businesswire.com/news/home/20180725005213/en/MedMen-Completes-Strategic-Investment-Lowell-Herb">recently completed</a> its investment in The Hacienda Company, which owns Lowell Herb Co, marking its first outside investment. David Elias, CEO of Hacienda, told Benzinga that, &ldquo;Given that MedMen is California&#39;s leading cannabis retailer, the fact that they choose Lowell as their first strategic brand investment is a huge honor and a big win for our company.&rdquo;</p> <p>Global cannabis brand&nbsp;<strong>Tikun Olam</strong>&nbsp;said it would be entering the Puerto Rican market through an exclusive licensing agreement with&nbsp;iaso Corporation.</p> <p>&ldquo;It is ...</p><p><a href=https://www.benzinga.com/markets/cannabis/18/08/12186608/pot-stocks-etfs-top-news-and-data-from-the-cannabis-industry-this-we alt=Pot Stocks, ETFs, Top News And Data From The Cannabis Industry This Week>Full story available on Benzinga.com</a></p> ACBFF APHQF ARNA AXIM CANN Cannabis Cannabis ETF cannabis news Cannabis Stock Index cannabis stocks CGC CNTTF CRON Debra Borchardt DJACF FB Green Market Report GTBIF GWPH HMLSF invest in marijuana ISOLD ITHUF KHRNF KSHB marijuana Marijuana ETF Marijuana Index Marijuana Money marijuana news marijuana stocks MEDFF MJ MJNA MMNFF MNTR MTEC News North American Marijuana Index PHOT Pot Stocks SGMD SMG SPY TGODF THCBF TLRY TRTC United States Marijuana Index XXII ZYNE Emerging Markets Specialty ETFs Markets Movers Trading Ideas Interview ETFs General SPY US78462F1030 ARNA US0400471027 SMG US8101861065 CGC MJNA US58463A1051 MNTR US5871831047 FB PHOT TRTC ITHUF XXII SGMD CNTTF GWPH CANN ZYNE THCBF ACBFF APHQF AXIM KSHB MJ DJACF MEDFF HMLSF CRON MTEC TGODF KHRNF MMNFF TLRY GTBIF ISOLD News Cannabis Specialty ETFs Emerging Markets Markets Movers Trading Ideas Interview ETFs General Benzinga Fri, 10 Aug 2018 20:31:59 +0000 Javier Hasse 12186608 at https://www.benzinga.com Sanctions Spark Activity In Leveraged Russia ETFs https://www.benzinga.com/trading-ideas/long-ideas/18/08/12180684/sanctions-spark-activity-in-leveraged-russia-etfs <p>Russian stocks and the ruble slumped Thursday on news of fresh sanctions against the country by the Trump administration.</p> <p>Predictably, Russia&#39;s reaction to the new sanctions was harsh, perhaps prompting investors to ditch Russian assets.</p> <p>&ldquo;But investors did not wait for details, driving the Russian ruble to a two-year low against the dollar and sending shares in Russian companies plummeting on the stock market,&rdquo; <a href="https://www.washingtonpost.com/world/europe/new-us-sanctions-rattled-russia-they-could-also-boost-putins-support/2018/08/09/3d0ea912-9b23-11e8-a8d8-9b4c13286d6b_story.html?utm_term=.81d9217a374d">reports The Washington Post</a>.</p> <h3><strong>What Happened</strong></h3> <p>Geopolitical headlines can be type of short-term events leveraged exchange traded funds either thrive or sag on. That is proving to be the case for the leveraged Russia funds, the <strong>Direxion Daily Russia Bull 3X Shares</strong> (NYSE: <a ...</p><p><a href=https://www.benzinga.com/trading-ideas/long-ideas/18/08/12180684/sanctions-spark-activity-in-leveraged-russia-etfs alt=Sanctions Spark Activity In Leveraged Russia ETFs>Full story available on Benzinga.com</a></p> Direxion ETF Donald Trump Long Ideas News RUSL RUSS Russia Dividends Emerging Markets Emerging Market ETFs Politics Global Trading Ideas ETFs General RUSL RUSS Long Ideas News Dividends Emerging Markets Emerging Market ETFs Politics Global Trading Ideas ETFs General Benzinga Fri, 10 Aug 2018 14:48:54 +0000 ETF Professor 12180684 at https://www.benzinga.com International Cannabis Trade Explodes, Canada Capitalizes https://www.benzinga.com/markets/cannabis/18/08/12175292/international-cannabis-trade-explodes-canada-capitalizes <p>Cannabis is slowly taking root in increasingly tolerant communities. The incremental decriminalization or legalization of <a href="https://www.benzinga.com/investing/marijuana-stocks/">cannabis</a> across the world has fed an expanding international market trading the plant, its extracts and its end products.</p> <p>&quot;2018 has seen a lot of trends in cannabis, but the beginning of an international market infrastructure is one of the most promising features of the industry for investor interest,&rdquo; AxisWire CEO Cynthia Salarizadeh told Benzinga.</p> <h3>Where The Money Will Go</h3> <p>In the last year, Canada followed Uruguay to become one of just two nations to completely legalize marijuana, and Peru, Mexico and Chile legalized medical cannabis. Experts expect the south to attract global investments.</p> <p>&ldquo;Central and <a href="https://www.benzinga.com/general/biotech/18/05/11385764/why-cannabis-investors-are-eyeing-south-america">South America</a> are sleeping giants that could eventually become regional hubs ...</p><p><a href=https://www.benzinga.com/markets/cannabis/18/08/12175292/international-cannabis-trade-explodes-canada-capitalizes alt=International Cannabis Trade Explodes, Canada Capitalizes>Full story available on Benzinga.com</a></p> APHQF AxisWire Canada Cannabis CGC Cynthia Salarizadeh Emerging Markets Top Stories Markets Interview CGC APHQF Cannabis Emerging Markets Top Stories Markets Interview Benzinga Fri, 10 Aug 2018 11:46:37 +0000 Elizabeth Balboa 12175292 at https://www.benzinga.com How A Recent Election Could Affect The Colombia ETF https://www.benzinga.com/trading-ideas/long-ideas/18/08/12160260/how-a-recent-election-could-affect-the-colombia-etf <p>Several marquee Latin American economies have been affected by electoral politics this year, namely Brazil and Mexico, the region&#39;s two largest economies.</p> <p>Mexico recently held national elections and Brazil is slated to do so in October. What&#39;s getting lost in the region&#39;s electoral shuffle is Colombia, South America&#39;s third-largest economy.</p> <h3>What Happened</h3> <p>In June, conservative Senator Iv&aacute;n Duque won Colombia&#39;s presidential election. Year-to-date, the <strong>Global X MSCI Colombia ETF</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gxg#NYSE">GXG</a>), the first exchange traded fund&nbsp;dedicated to Colombian equities, is up 3.7 percent. That&#39;s&nbsp;well ahead of the S&amp;P Latin America 40 Index, which is lower by 1.2 percent.</p> <p>&ldquo;Duque is set to assume office at an inflection point for Colombia and his success will be measured by his ability to grow the economy while ...</p><p><a href=https://www.benzinga.com/trading-ideas/long-ideas/18/08/12160260/how-a-recent-election-could-affect-the-colombia-etf alt=How A Recent Election Could Affect The Colombia ETF>Full story available on Benzinga.com</a></p> Global X GXG Long Ideas msci News Emerging Markets Emerging Market ETFs Politics Events Global Top Stories Trading Ideas ETFs General GXG US37950E2000 Long Ideas News Emerging Markets Emerging Market ETFs Politics Events Global Top Stories Trading Ideas ETFs General Benzinga Wed, 08 Aug 2018 14:59:24 +0000 ETF Professor 12160260 at https://www.benzinga.com US, China Trade Concerns Appear To Mute Market Momentum https://www.benzinga.com/news/earnings/18/08/12165269/us-china-trade-concerns-appear-to-mute-market-momentum <p>Even with the S&amp;P 500 Index (SPX) near an all-time high, the U.S. economy humming along, inflation seemingly contained, and another strong corporate earnings season, investors apparently can&rsquo;t totally shake off trade worries.</p> <p>A focus this morning appears to be $16 billion in Chinese goods that will be subject to a 25 percent U.S. tariff starting later this month. China responded by announcing a 25 percent tariff of its own on the same amount of U.S. imports. It&rsquo;s the latest tit-for-tat in a trade spat between the world&rsquo;s two largest economies that has led some market watchers to worry that an escalation to a full blown trade war could dent global economic growth.&nbsp;</p> <p>The trade worries appear to have helped cause the market to lose some of the recent momentum that helped stocks continue higher Tuesday amid lighter-than-average summer volumes. All three major U.S. indices finished higher, while the S&amp;P 500 Index (SPX) moved closer to its all-time high just above 2872 set back in January.</p> <p>Before Wednesday morning, it had appeared that investors were continuing to trade on momentum from another bumper earnings season even as they let worries about international trade slip into the background. As Wednesday&rsquo;s early pause in momentum showed, however, headlines about trade can move the market back and forth, especially when there is an absence of other news.&nbsp;</p> <h3>Shades of 2017 in VIX</h3> <p>In one indication that worry was lower, the Cboe Volatility Index (VIX) dropped more than 3 percent to just under 11 on Tuesday. That&rsquo;s its lowest point since January, around the time that the S&amp;P 500 was hitting record highs. The VIX spent parts of 2017 under 10. Although it has risen some this morning, the VIX was still relatively subdued at around 11.</p> <p>While a relatively low VIX could be one indication that the market is healthy, another could be the broad-based gains across multiple sectors. Over the course of the past year, only three of the 11 S&amp;P 500 sectors are in the red, as of Tuesday&rsquo;s close. The biggest gainer is information technology, despite a recent stumble in some tech names, with a near 30 percent rise from a year ago. That is followed by double-digit gains in the consumer discretionary, energy, ...</p><p><a href=https://www.benzinga.com/news/earnings/18/08/12165269/us-china-trade-concerns-appear-to-mute-market-momentum alt=US, China Trade Concerns Appear To Mute Market Momentum>Full story available on Benzinga.com</a></p> Earnings News TD Ameritrade TSLA Emerging Markets Commodities Treasuries Markets TSLA US88160R1014 News Earnings Emerging Markets Commodities Treasuries Markets Benzinga Wed, 08 Aug 2018 14:29:56 +0000 JJ Kinahan 12165269 at https://www.benzinga.com China Rapid Finance Faces Regulatory Headwinds, Jefferies Says In Downgrade https://www.benzinga.com/analyst-ratings/analyst-color/18/08/12154183/china-rapid-finance-faces-regulatory-headwinds-jefferie <p><strong>China Rapid Finance Limited </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xrf#NYSE">XRF</a>) serves one of the largest consumer credit markets in the world: over 500 million customers. Yet the&nbsp;industry is threatened by<a href="https://www.benzinga.com/news/17/11/10830198/why-did-shares-of-chinese-internet-microlender-qudian-plunge-friday"> regulatory modifications</a>, according to Jefferies.&nbsp;</p> <h3>The Analyst</h3> <p>Jefferies analyst <a href="https://www.tipranks.com/analysts/john-hecht">John Hecht</a> downgraded <a href="https://www.benzinga.com/stock/xrf">China Rapid Finance</a> from Buy to Hold&nbsp;and lowered the price target from $4 to $2.</p> <h3>The Thesis</h3> <p>The demand for consumption loans in China remains high, but Jefferies&#39; downgrade reflects lower visibility on China&#39;s regulatory changes, Hecht said in a Tuesday note. (See the analyst&#39;s track record <a href="https://www.tipranks.com/analysts/john-hecht">here</a>.)</p> <p>&ldquo;We note that regulations appear to place limits on both the investor and borrower loan amounts on both the investor and the borrower side of the platform,&quot; ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/18/08/12154183/china-rapid-finance-faces-regulatory-headwinds-jefferie alt=China Rapid Finance Faces Regulatory Headwinds, Jefferies Says In Downgrade>Full story available on Benzinga.com</a></p> Analyst Color Government Jefferies John Hecht Regulations XRF Emerging Markets Downgrades Price Target Markets Analyst Ratings Media XRF Analyst Color Government Regulations Emerging Markets Downgrades Price Target Markets Analyst Ratings Media Benzinga Tue, 07 Aug 2018 19:49:02 +0000 Hannah Genig 12154183 at https://www.benzinga.com Daabon Strikes Deal With Avicanna, Becoming The Largest Agro Company To Enter The Cannabis Industry https://www.benzinga.com/news/18/08/12132958/daabon-strikes-deal-with-avicanna-becoming-the-largest-agro-company-to-enter-the <p>A few months ago, Benzinga visited several countries in South America and subsequently published an article explaining <a href="https://www.benzinga.com/general/biotech/18/05/11385764/why-cannabis-investors-are-eyeing-south-america">why cannabis investors&rsquo; interest</a> in the region, especially in Colombia, was about to spike.</p> <p>In the weeks that followed, numerous U.S. and Canada-based marijuana companies announced deals to enter the Colombian market, with <strong>Aphria Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/aphqf#OTC">APHQF</a>) spending almost $200 million and <strong>Canopy Growth Corp </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cgc#NYSE">CGC</a>) dropping close to $100 million.</p> <p>On Monday, Benzinga learned about a new multimillion-dollar deal in Colombia: <strong>Avicanna Inc.,</strong> the first and only cannabidiol company <a href="http://www.benzinga.com/general/biotech/17/07/9811029/meet-avicanna-the-first-marijuana-company-to-be-accepted-into-johnson-">to be accepted into</a> <strong>Johnson &amp; Johnson</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jnj#NYSE">JNJ</a>)&rsquo;s JLABS @ Toronto, and <strong>El Grupo Daabon</strong>, the largest organic agriculture company in South America, in operation for more than 100 years, have entered into ...</p><p><a href=https://www.benzinga.com/news/18/08/12132958/daabon-strikes-deal-with-avicanna-becoming-the-largest-agro-company-to-enter-the alt=Daabon Strikes Deal With Avicanna, Becoming The Largest Agro Company To Enter The Cannabis Industry>Full story available on Benzinga.com</a></p> APHQF Aras Azadian Avicanna best marijuana stocks Canabis Cannabis Cannabis Colombia cannabis news cannabis oil cannabis stocks CGC Colombia Weed Daabon Ganja Grupo Daabon Hemp HMLSF invest in marijuana is marijuana JNJ legal marijuana legal weed Lucas Nosiglia marihuana marijuana Marijuana Colombia marijuana dispensary marijuana laws marijuana legalization marijuana legalize marijuana news marijuana states marijuana stocks marijuanas stock med marijuana medical medical cannabis medical marijuana medical marijuana stock medicinal marijuana MJ News pot Recreational Marijuana Santa Marta Golden Hemp smoke weed smoking weed THC weed weed legalization weed news weed plant weed stock Emerging Markets Contracts Top Stories Markets Interview JNJ US4781601046 CGC APHQF MJ HMLSF News Cannabis Emerging Markets Contracts Top Stories Markets Interview Benzinga Mon, 06 Aug 2018 20:07:21 +0000 Javier Hasse 12132958 at https://www.benzinga.com