Emerging Market Rally Fades as Central Bank Angst Outweighs Oil

  • Bets for higher U.S. rates, ECB taper plans weigh on markets
  • Brent crude rises to the highest price since early June

The advance that has pushed emerging-market stock valuations to the highest levels in more than a year lost momentum as signs that central banks may pull back stimulus that has propped up demand for riskier assets outweighed rising oil prices.

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