Emerging Markets Show Rebound Signs as November Losses Trimmed
- Stocks extend recovery amid biggest monthly drop since January
- Currencies in oil-exporting nations strengthen on OPEC move
Is the Emerging-Market Bond Selloff Out of Control?
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The second-worst month of the year for emerging markets ended with stocks signaling a rebound from losses spurred by Donald Trump’s U.S. election victory and currencies of oil exporters trimming November declines. Dollar-denominated bonds of developing nations headed for their biggest drop since the so-called taper tantrum of 2013.
The MSCI Emerging Markets Index rose for the third time in four days, building on last week’s gain. Colombia’s peso and Russia’s ruble advanced as OPEC ministers reached a deal to cut output. Investors lowered the risk premium they demand to own developing-nation bonds for the first time in five days.