Reported 4 months ago
Emerging-market equities surged, and currencies rose as investors analyzed election outcomes globally. The MSCI Inc.'s currency gauge increased by 0.2%, notably due to rand gains post-South Africa's election. However, the Mexican peso declined after the Morena party's victory raised concerns over increased state control. Despite the sell-off, experts suggest the peso's value is still being established in response to the new political landscape. Indian stocks hit record highs, and rupee strengthened with exit polls predicting a victory for Prime Minister Modi's party. Election impacts may continue influencing markets this week, amidst expected ECB rate cuts and strategic currency recommendations to mitigate risk.
Source: YAHOO