Reported 1 day ago
Emerging-market assets saw significant gains on Thursday, spurred by disappointing US jobs data that bolstered expectations for a more accommodative Federal Reserve, resulting in a decline of the dollar. The MSCI’s EM stock index rose by 0.9%, with developing-nation currencies increasing, led by the Brazilian real. The market excitement followed discussions between US President Trump and Chinese President Xi regarding trade, with investors eyeing upcoming tariff negotiations. Additionally, South Korea's won strengthened post-election, while Israel's market reacted positively to potential government changes.
Source: YAHOO