-- Mexico’s peso led a relief rally in emerging markets after the Bank of Japan signaled it would be cautious about raising interest rates, easing pressure on currencies that had been hammered as investors abandoned yen-funded bets on riskier assets.Paris Spent €1.4 Billion to Clean Up the Seine. Has It Worked?The news from Japan also boosted emerging market stocks, with MSCI’s EM equity index up 2% as it rose for a second day in a row and headed for its best two-day rally since November.
The BOJ message cames as a relief for emerging market currencies, since it shows Japanese policymakers are not targeting a stronger yen and would prefer it to be stable, said Anders Faergemann, a senior money manager at Pinebridge Investments.“Investors will hesitate to jump back into the carry trade and add EM FX,” he said. “However, you could argue that valuations are more attractive now and fundamentals remain supportive, which in itself should curtail further weakness.
Seven years after leading Catalonia's failed bid to secede from Spain, Carles Puigdemont is set to return from self-imposed exile despite facing a likely arrest that could trigger yet another crisis between the region and Madrid. Although the Spanish parliament passed a contentious amnesty bill in May pardoning those involved in the 2017 secession attempt, the Supreme Court has upheld warrants for the arrest of Puigdemont and two others charged with embezzlement.
Before McKenzie Ball and Erin Ball tied the knot, the couple kept their wedding dresses a secret — then on their big day, they showed up wearing the same gownMatt Damon remembers pal Robin Williams: 'He was a very deep, deep river'
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »