Currencies |

Emerging Markets Bounce Back as Fed Seen Holding Rates Steady

LAGOS, Capital Markets in Africa: Emerging-market stocks rebounded from their biggest weekly drop in four months as optimism that the Federal Reserve will delay raising U.S. interest rates rekindled risk demand. Taiwan’s benchmark equity index jumped the most in a year on speculation demand for Apple Inc.’s latest iPhone model will boost earnings for the island’s suppliers. Hungarian bonds rose for a second day as S&P Global Ratings upgraded the country to investment grade. Russia’s ruble and…

Emerging Markets Head for Weekly Decline on Fed Rate Concern

Posted on by The Editorial Team

LAGOS, Capital Markets in Africa: Emerging-market stocks were poised for the first weekly decline in more than a month and currencies dropped as caution prevailed among investors struggling to assess the outlook for higher U.S. interest rates. Consumer stocks led declines among all 10 industry groups in the MSCI benchmark as the gauge dropped from a one-year high. The South African rand and South Korean won posted the biggest losses among currencies, weakening at least 0.9 percent. Turkish bonds…