Emerging Stocks, Currencies Advance on Global Stimulus Outlook
- Fed maintains U.S. rates, reiterates slow tightening cycle
- Egyptian equities rise most in world as IMF talks progress
Where Are Emerging Markets, Oil and Treasuries Headed?
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Emerging-market stocks rose to the highest level since China’s currency devaluation last year, while volatility fell to an 11-year low on optimism that earnings are improving and central banks remain supportive of growth.
Egyptian stocks rallied the most in the world after the government said it’s nearing the final stages of talks for an International Monetary Fund loan. Turkey’s benchmark index jumped to a one-week high, rising with the country’s bonds and currency on signs that a political crisis is easing. Information-technology companies got a boost from Apple Inc.’s earnings. Russian government bonds advanced for the first time in 11 days.