Emerging Assets Cap Off Week of Gains Ahead of Fed Rate Cut
- EM stocks gain, boosted by Asian technology companies
- Investors eye Fed, BOJ, BOE, BCB, Turkey rates next week
This article is for subscribers only.
Emerging-market assets closed the week higher as traders began to price in greater odds of a half-point interest rate cut by the Federal Reserve, fueling risk appetite across the globe.
The MSCI gauge tracking developing-world currencies rose 0.5% on Friday to cap off its seventh-straight week of gains. An index tracking stocks snapped a two-week losing streak amid a risk-on mood among investors.