Emerging-Market Rally Fades as Draghi Comments Quell Risk Demand
- ECB policy makers didn’t discuss extending bond buying program
- Equity benchmark trades little changed after four-day rally
Digging Deeper Into China's August Trade Data
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This month’s emerging-market rally cooled after European Central Bank President Mario Draghi downplayed the need to extend a stimulus program that has propped up demand for riskier assets.
The MSCI Emerging Markets Index closed little changed at 927.29 in New York after fluctuating between a 0.3 percent gain and a 0.2 percent drop. The benchmark gauge advanced 3.9 percent in the previous four days. Mexico’s peso weakened the most in two months, leading declines among developing-nation currencies Thursday.