Emerging Stocks Drop With Commodities, Reducing Monthly Advance
- Equities added $1.4 trillion in market value since May
- Conditions for further rally remain in place: Informa Global
Northern Trust's McDonald: Equites Best Part of EM Rally
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Emerging-market stocks fell, trimming their third consecutive monthly gain, as declining commodity prices weighed on benchmark gauges in exporting nations from Russia to South Africa and Brazil.
A 0.6 percent decline that pushed the MSCI Emerging Markets Index to 893.68 reduced the gauge’s advance in August to 2.3 percent. The gauge posted its longest streak of monthly gains in two years as stimulus from global central banks outweighed concern that the Federal Reserve is on the brink of resuming U.S. interest-rate increases.