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Emerging Markets rally after Yellen’s positive comments

March 31, 2014

Emerging Stocks Set for Longest Rally Since July on Fed

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  • Emerging Markets gained as Yellen signaled that she will continue QE because the US economy is still weak.
  • Indian stocks climbed to a record, led by metal companies and automobile producers.
  • The Ibovespa advanced as meatpacker Marfrig Global Foods SA (MRFG3) led Brazilian exporters higher amid eased concern that the global economic recovery will falter.
  • Russia’s Micex Index jumped to a month high as the nation’s foreign minister met with his U.S. counterpart.
  • Turkey’s lira led gains among world major currencies on speculation Prime Minister Recep Tayyip Erdogan’s party victory in local elections may arrest foreign capital outflows.
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