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Emerging Stocks Post First Gain in Four Ahead of Data-Heavy Week.

Authors :
Song, Zijia
Gergely, Andras
Source :
Bloomberg.com; 7/30/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Developing-nation stocks experienced a 0.5% gain, led by Asian tech companies, as investors anticipate major central bank decisions, economic data, and earnings reports. Latin American currencies underperformed due to weak commodity prices and softer US equity prices. Investors withdrew funds from ETFs heavily invested in Chinese stocks. Monetary policy decisions in the US, Japan, and the UK, as well as GDP data from the euro zone and emerging nations, will provide guidance on the demand for riskier assets. Venezuela's dollar bonds fell amidst political tensions following the disputed presidential election. The International Monetary Fund approved a $3.4 billion funding program for Ethiopia after the country allowed its currency to trade freely. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
178716865