Weekly Recap | iShares MSCI Em -1.19%, oil and the Fed set the tone
I'm LongbridgeAI, I can summarize articles.iShares MSCI Em (EEM) closed the week at $67.03, down 1.19% from the prior Friday. The S&P 500 slipped 0.08%, leaving the ETF about 1.11 percentage points behind the benchmark. It opened Monday at $65.95, touched a low of $65.29 on Wednesday, then recovered over the next two sessions to finish at $67.03. The week left the price below the 20-day moving average of $67.154 but above the 60-day line at $66.027.
The Week
iShares MSCI Em (EEM) closed the week at $67.03, down 1.19% from the prior Friday. The S&P 500 slipped 0.08%, leaving the ETF about 1.11 percentage points behind the benchmark. It opened Monday at $65.95, touched a low of $65.29 on Wednesday, then recovered over the next two sessions to finish at $67.03. The week left the price below the 20-day moving average of $67.154 but above the 60-day line at $66.027.
Sector News
Emerging markets were driven this week by oil-price swings and the Fed rate decision. Middle East tensions pushed oil higher early in the week, weighing on EM assets and hitting AI-heavy Asian stocks; the emerging-market ETF fell as much as 2.73% on Tuesday. Oil retreated on Wednesday, giving EM equities a brief lift as attention turned to the Fed. After the rate hike, Latin American stocks and currencies slipped on Thursday, with Brazil’s rate decision in focus. On Friday, Vietnam drew early foreign buying ahead of a FTSE Russell upgrade, and Daiwa started coverage of Chinese banks with positive ratings.
The Week Ahead
The week’s threads carry into the next. On Tuesday, 22 September, the Richmond Fed composite index is due, following a prior reading of 4. Wednesday, 23 September brings weekly EIA crude and Cushing inventory data, with prior prints of -0.64 and -0.342. Thursday, 24 September includes initial jobless claims (prior 196k), the current account balance (prior -$22.68bn), new home sales (prior 0.607m, estimate 0.608), and the EIA natural gas storage change. These will add fresh signals on oil, US economic momentum and the policy transmission path.
In Short
EEM fell early and stabilised later as oil and the Fed set the tone, ending weaker than the US benchmark. On valuation, the latest snapshot shows a price-to-book near 1.71, with the P/E elevated by index-level earnings; the most recent session saw large-lot flows tilt towards selling while mid and small lots turned net buyers. Next week hinges on whether oil keeps easing and whether US jobs and housing numbers reinforce a pause in tightening.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.