EM Review: Risk Rally Stalled Amid Fears of Second Wave of Virus
- EM stocks, currencies have first weekly losses in a month
- Fed delivers dire verdict on outlook for medium-term recovery
A pedestrian wearing a protective mask walks past One Vanderbilt in New York.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Emerging-market stocks and currencies posted their first weekly declines in a month last week amid concern a second wave of coronavirus infections is gaining ground in America. The Federal Reserve warned the road to a full U.S. recovery will be a long one, outweighing optimism surrounding its commitment to keep pumping stimulus into the economy.
The following is a roundup of emerging-market news and highlights for the week through June 15: