Reported about 21 hours ago
Emerging-market assets surged as rising US tariffs are expected to slow the US economy and redirect investments, with European stocks gaining significantly after Germany's expansive spending plans. The EM equity index rose 1.8%, highlighting a shift in capital towards European defense stocks, while the euro and other currencies also benefited from this trend. Analysts suggest this could mark a reversal in capital allocation, diminishing the US's status as the primary investment destination.
Source: YAHOO