Emerging-Market Rally Runs Into Doubts Over China and Fed

MSCI Inc.’s gauge of developing-nation equities surged as much as 1.6% before paring most of its early gains on Monday. The price action reflected moves in Chinese stocks after Beijing’s measures to reinvigorate the market, including a cut in a levy on stock trades, failed to sustain a rally.

“The Chinese market may still look like falling knives for those requiring somewhat more comfort on policy commitment,” said Vishnu Varathan, executive director and head of economics and strategy at Mizuho Bank Ltd. in Singapore. “Add to that a Fed that is a little more restrained on uncertainty, but necessarily a long way off a proper pivot.”

Concerns are also growing over China’s property crisis. China Evergrande Group delayed key votes on its offshore-debt restructuring plan just hours before they were to occur Monday, adding to uncertainty in a protracted process to finalize one of the country’s biggest restructurings. In Turkey, banking stocks were among the biggest gainers, thanks to a steep rally in Isbank after the nation’s biggest listed bank by assets outlined plans to reorganize its units to boost efficiency.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Emerging-Market Rally Runs Into Doubts Over China and Fed PolicyA rally in emerging markets faded as doubts over China’s commitment to revive its faltering economy and confusion over the US Federal Reserve’s next steps kept sentiment in check.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Emerging-Market Funding Gets Creative as Dollar Bonds Dry UpAt the BRICS summit in Johannesburg this week, a key item on the agenda was reducing dollar dependence across emerging markets. In bond sales, it’s already happening.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Emerging-Market Funding Gets Creative as Dollar Bonds Dry Up(Bloomberg) -- At the BRICS summit in Johannesburg this week, a key item on the agenda was reducing dollar dependence across emerging markets. In bond sales, it’s already happening.Most Read from BloombergThree US Marines Dead After Australia Military Helicopter CrashSpaceX Blast Left Officials in Disbelief Over Environmental DamagePowell Has Bond Traders Right Where He Wants Them: Full of DoubtFIFA Suspends Spanish Football Chief Over World Cup KissTesla Investors to Get $12,000 Each From Musk’
Source: YahooFinanceCA - 🏆 47. / 63 Read more »