Business & Finance
Emerging Equities Touch Record High as Iran Deal Takes Effect
Key Points
Emerging Equities Touch Record High as Iran Deal Takes Effect A gauge of emerging-market equities touched a record high as shipping began to resume in the Strait of Hormuz, paving the way for lower global oil prices. MSCI’s developing-nation index climbed as much as 0.8, before erasing gains to be little changed. Stocks have been buoyed around the world this week as the US-Iran interim peace deal took effect, with the US declaring an end to its blockade off the straits.
Emerging Equities Touch Record High as Iran Deal Takes Effect
A gauge of emerging-market equities touched a record high as shipping began to resume in the Strait of Hormuz, paving the way for lower global oil prices.
MSCI’s developing-nation index climbed as much as 0.8, before erasing gains to be little changed. Stocks have been buoyed around the world this week as the US-Iran interim peace deal took effect, with the US declaring an end to its blockade off the straits. A gauge of emerging-market currencies fell 0.3%.