Tech Rally Propels Emerging Stocks to Best Week Since July

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 40 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 40%
  • Publisher: 63%

Bloomberg News

Corporate Earnings,Taiwan Semiconductor Manufacturing Co.,Artificial Intelligence

(Bloomberg) -- Emerging-market stocks rose Friday, cementing their biggest weekly advance in nine months, as Asian technology stocks got a boost from US...

-- Emerging-market stocks rose Friday, cementing their biggest weekly advance in nine months, as Asian technology stocks got a boost from US corporate earnings that confirmed booming demand for artificial intelligence.Javier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldBillionaire Stephen Ross Believes in South Florida—and Is Spending Big to Transform It

Strong US earnings reports are emboldening analysts to raise their forecasts for profits at emerging-market companies. The average forecast for 12-month earnings among the MSCI gauge’s members has increased to the highest level since September 2022. That increase is also led by Asian tech names. At the end of the day, Bolivia’s credit rating was cut further into junk by Moody’s Ratings. The credit assessor said falling foreign-exchange reserves threaten a balance-of-payments crisis for the South American nation.Caught Between the US and China, a Powerful AI Upstart Chooses SidesTrump Media & Technology Group is one of the most actively traded U.S. stocks, yet Wall Street's equity analysts are staying clear. Shares of the company that operates former U.S.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Top Emerging Market Bond Rally Tested in Deja Vu Ecuador VoteThe best rally in emerging markets this year hinges on the popularity of one person: Daniel Noboa, the 36-year-old heir to a banana fortune.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Stock market news: Tech rally drives up stocks as earnings roll inA renewed rally in some of the world’s largest technology companies propped up the U.S. stock market, with traders weighing another big batch of corporate earnings.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Stock market news: Tech rally keeps stocks afloat amid mixed earningsStocks edged higher on Wednesday as a rally in technology shares kept benchmarks afloat after disappointing earnings in the European banking and luxury sectors.
Source: BNNBloomberg - 🏆 83. / 50 Read more »