Emerging Markets rally after Yellen’s positive comments

Emerging Stocks Set for Longest Rally Since July on Fed

z0485100az3e791213855146d5bd0d7eead49b0dc0

  • 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.
Advertisements


Categories: Emerging Markets

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: