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Emerging-Market Stocks, Currencies Gain After Soft US Jobs Data

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Emerging-Market Stocks, Currencies Gain After Soft US Jobs Data Emerging-market stocks and currencies climbed at the start of a new week as expectations for Federal Reserve rate hikes eased following Friday’s unexpectedly weak US employment report. An MSCI gauge of developing-market stocks was up 0.7%, on track to erase all of last week’s losses. An index of emerging-market currencies rose 0.2% to head for a fourth day of gains.

Emerging-Market Stocks, Currencies Gain After Soft US Jobs Data Emerging-market stocks and currencies climbed at the start of a new week as expectations for Federal Reserve rate hikes eased following Friday’s unexpectedly weak US employment report. An MSCI gauge of developing-market stocks was up 0.7%, on track to erase all of last week’s losses. An index of emerging-market currencies rose 0.2% to head for a fourth day of gains. Indonesia’s rupiah led the advance. The Bloomberg Dollar Spot Index edged higher after dropping 0.4% to its lowest in more than two months on Friday.
Emerging-Market Stocks (ORG) Federal Reserve (ORG) US (LOCATION) MSCI (ORG) Indonesia (LOCATION) The Bloomberg Dollar (ORG)
Originally published by Bloomberg Markets Read original →