Pursuits
Emerging Stocks Rise Amid China Holiday Calm as Ibovespa Rallies
- Equities in developing Europe jump as ECB expands stimulus
- Petrobras leads gain in Brazil as Brent crude price surges
Where Are the Opportunities in Emerging Markets?
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Emerging-market stocks rose for the first time this week as the start of a two-day holiday in China helped calm global markets after a surge in volatility and the European Central Bank expanded its stimulus program.
The Ibovespa jumped to a one-week high as Brazil’s central bank kept borrowing costs unchanged. Benchmarks in Hungary and Poland each rose at least 1.7 percent, leading gains in eastern Europe as ECB President Mario Draghi unveiled a revamp of quantitative easing to allow for more purchases of each euro member’s debt. The biggest U.S.-traded exchange-traded fund tracking mainland Chinese shares increased 0.9 percent.