Stimulus Optimism to Last Presidential Debate: EM Week in Review
- China economy expands in third quarter as retail sales rise
- Protests escalate in Thailand, Nigeria; Turkey holds key rate
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Emerging-market stocks rose last week, the fourth in a row, as U.S. lawmakers negotiated a stimulus agreement. The rally was tempered by rising virus cases around the world as winter approaches in the Northern Hemisphere. Turkey’s central bank unexpectedly kept interest rates on hold, while policy makers in Russia and Hungary also stood pat. China’s recovery from the coronavirus slump continued in the third quarter and showed signs of broadening in September, keeping the economy on track to be the world’s only major growth engine.
The following is a roundup of emerging-market news and highlights for the week through Oct. 25: