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EM Review: U.S. Data Sent Stocks Lower and Currencies Higher

  • India cut key rate for fifth time as it lowered GDP forecast
  • Turkish inflation slowed to below 10% amid more stable lira
Updated on

Emerging-market stocks fell for a third week last week as poor U.S. manufacturing data stoked concerns about faltering growth. Those same figures gave developing-economy currencies a fillip though, bringing a two-week decline to an end, on increased bets the Federal Reserve will cut rates further. A lack of positive news in the trade war and U.S. political front kept investors cautious about taking on more risk.

The following is a roundup of emerging-markets news and highlights for the week ending Oct. 6.