Risk Assets Seek Clarity to Avoid More Brexit Pain
Emerging-market stocks headed for their best five-day gain since March on speculation investors pulling money from Europe after last month’s Brexit vote in the U.K. will buy developing-nation equities. The MSCI Emerging Markets Index last week erased losses incurred after Britain voted to leave the European Union in a June 23 referendum, and has climbed to its highest level in more than three weeks. Nine of 10 industry groups advanced Monday, with raw-material stocks rallying the most. HSBC Global Head of Asset Allocation Fredrik Nerbrand discusses with Bloomberg's Anna Edwards on "Countdown."
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Bloomberg Markets: Balance of Power 9/18/2017
19:55 - Guests include: Organization for Economic Cooperation and Development Secretary General Angel Gurria, Congressman John Delaney, a Democrat from Maryland (Source: Bloomberg)