Economics
Emerging Stocks Rebound as Growth Outlook Offsets Fed Concern
- Signs of global trade improving good for developing assets: NN
- Odds of U.S. interest rate move this year have risen to 59%
Saravelos: Brazil's Real Rallies on Fed Dis-Belief
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Emerging-market stocks resumed this month’s advance as the prospect of a stronger U.S. economy helping to boost growth in the developing world offset concern that higher Federal Reserve interest rates will reduce demand for riskier assets.
The MSCI Emerging Markets Index gained 0.3 percent, pushing its advance in August to 2.9 percent. The equity benchmark is headed for its third monthly gain in a row after data yesterday showed U.S. consumer spending rose for a fourth month in July, giving the biggest part of the economy a solid start to the third quarter.