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Emerging-Markets Stocks Reach 7-Month High
By Mark Perry on May 11, 2009 | More Posts By Mark Perry | Author's Website
May 8 (Bloomberg) - Emerging-market stocks rose to the highest in seven months as stress tests indicated U.S. banks may plug their capital hole with private funds and fewer job losses in the U.S. signaled the worst of the global recession is over.
The MSCI Emerging Markets Index added 1.4% to 725.13, its highest level since Oct. 3.
MP: Since the March bottom, the Emerging Markets Index has increased by 52.6%, and is up by 28% since the first of the year.
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