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Market Watch: Emerging Stocks Climb to Four-Week High as Turkish Bonds Advance
LAGOS, Nigeria, Capital Markets in Africa: Emerging-market stocks headed for its highest close in four weeks as rising oil prices bolstered optimism the global economy is strong enough to withstand an U.S. interest-rate increase. Turkish bonds rallied after core inflation fell the most in more than a year. The MSCI Emerging Markets Index capped a 0.4 percent advance for the week after Brent crude closed above $50 a barrel and OPEC ministers said global oil markets…
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