Emerging Markets Rally as Jobs Data Miss Supports Rush to Risk

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  • Commodity-country shares, currencies gain as oil surges
  • U.S. rate hike in Sept. now ‘less likely’: Blackfriars’ Hann

Emerging-market stocks posted their biggest two-day gain in a month and currencies strengthened as disappointing U.S. jobs data reduced speculation the Federal Reserve will raise rates this month, enhancing the appeal of higher-yielding assets.

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