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Emerging-market stocks jump to near six-month high as confidence rises
Source: BI-ME and Bloomberg , Author: BI-ME staff
Posted: Mon April 6, 2009 1:27 pm
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INTERNATIONAL. Emerging-market stocks climbed to the highest in almost six months as commodity prices advanced on speculation stimulus packages are beginning to thaw global credit markets and revive economic growth.

The MSCI Emerging Markets Index added 1.6% to 626.92 at 7.33 am in London, the highest since 14 October. The index, which lost 54% of its value last year, has gained 11% in 2009 as governments take steps to increase liquidity and boost financial aid for developing nations hardest hit by the global credit crunch.

Crude oil climbed 2.1% to US$53.60 a barrel in New York and copper headed for its longest winning streak in more than a year, helping improve the revenue outlook for emerging economies sustained by exports. The Micex Index in Russia, the world’s biggest energy-exporting economy, jumped 3.4%.

Oman’s benchmark stock index, the Muscat Securities Market 30 Index, increased 1% to the highest level in seven trading days. The Kuwait Stock Exchange Index added 0.8%.
 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: July 31, 2010
INTERNATIONAL. Peter Grauer, the Chairman and CEO of Bloomberg, is a man with a mantra and he repeats it every chance he gets: "We have an aspiration at Bloomberg to become the most influential news organisation in the world."
date:Posted: July 31, 2010
LEBANON. Half of TMT organizations find inadequate budgets to be biggest barrier to keeping information secure as cyber crime, piracy and fraud become growing global reality.
date:Posted: July 31, 2010
INTERNATIONAL. If the DJIA where to fall by more than 20% from the present level there would be further massive fiscal and monetary stimulus packages, not just in the US but worldwide.