Emerging market stocks climbed the most in a month yesterday, as Russia’s approval of the sale of a €10.5bn stake in its largest oil firm sent Moscow shares to a record high and forecast-beating Chinese trade data lifted the mood.MSCI’s emerging market index jumped 1.3% in the wake of China reporting upbeat trade figures, with exports and imports both beating forecasts.The European Central Bank was also expected to extend its already generous €1.5tn stimulus programme later.That could help offset some of the pressure on EM assets if US interest rates rise next week as expected. “The trade data is giving …read more
Source: Gulf times
