Emerging Stocks Advance on Speculation Bankers to Ease Policy

Emerging-market stocks jumped the most in two weeks on prospects central bankers from the U.S. and Japan will loosen monetary policy to bolster their economies, stimulating global growth.

The MSCI Emerging Markets Index gained 0.9 percent to 1,024.90 at the close in New York, headed for the biggest gain since March 30. Materials producers jumped the most in almost three months, following commodities higher. Vale SA, the world’s largest iron ore producer, gained the most since July 20, 2010, spurring the Bovespa’s best advance since March 13. Chinese stocks jumped the most in two months in Shanghai.