Emerging market stocks were set to end a tumultuous quarter on a positive note on Tuesday, as unexpectedly positive factory activity data from China lifted fragile sentiment, while Russia’s rouble jumped 1.6 per cent as oil prices rose.
Jakob Christensen, head of EM research at Danske Bank, said the China data “shows that we are not stuck in complete darkness without any hope of going back to normal” and attributed the optimism to falling number of new cases in Europe as well. Turkey’s lira rose about 0.2 per cent, while South Africa’s rand fell 0.2 per cent to hover near all-time lows hit last session.
Investors are so desperate for good news that they're buying these Chinese lies?
Surprise? I am not as the signs were all there that China was starting to return to norm nearing the end of February 2020
Wanna bet the factory owners are lying? ChinaLiedPeopleDied