Are Low Yields Making EM Currencies Attractive?
Emerging-market stocks and currencies rose to the highest levels in a year as a recovery in oil prices and optimism central banks will keep monetary policy accommodative boosted demand for higher-yielding assets. A gauge of developing-market shares was poised for a fourth weekly gain. Chinese stocks in Hong Kong rose to a three-month high as investors bet the central bank will add to stimulus. Russia’s ruble and Malaysia’s ringgit led gains in currencies as Brent crude headed for its biggest weekly advance in a month. Turkish assets advanced before a credit review by Moody’s Investors Service on Friday. Commerzbank Head of EM Economics Peter Kinsella discusses with Bloomberg's Francine Lacqua on "The Pulse."
Most Recent Videos
Full Show: What'd You Miss? (09/15)
00:32 - Guests include: Arthur Blank, owner of the Atlanta Falcons, Jim Trott, former Bank of England chief FX dealer, and Luke McNamara, FireEye senior cyber threat intelligence analyst. (Source: Bloomberg)