Pundits: Ramasamy’s anti-Pakatan campaign will chip away at KKB majority, but not enough for a Perikatan upset on May 11NEW YORK, May 1 — Emerging market stocks and currencies slipped today in thin trading, with many regional markets closed for the Labour Day or May Day holiday, ahead of a Federal Reserve interest rate decision later in the day.
Emerging market currencies ended their second month lower in April as investors dialled back expectations for the timing and magnitude of US rate cuts this year and tensions between Israel and Iran sparked a rush to the safe-haven dollar. Peru’s economy will likely expand by 3.1 per cent this year, the economy ministry said late today, up slightly from a previous forecast of 3.0 per cent growth.
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