Emerging Stocks Rise on U.S. as Commodity Shares Rally

Emerging stocks rose, posting the biggest weekly advance since January, as better-than-forecast U.S. jobs data bolstered optimism about global economic growth. Commodity companies paced rallies from Russia to Brazil.

Vale SA, the third-largest mining company, added 1.4 percent in Sao Paulo, while natural gas producer OAO Gazprom led gains in Moscow. Philippine stocks surged to a record as the nation won its second investment-grade debt rating, Turkey’s benchmark index gained a ninth day, and Malaysian shares sank before elections. African Bank Investments Ltd. fell the most since 1998 in Johannesburg after saying profit will drop.