Emerging stocks rise to 3-month high as bonds gain on Fed

Emerging stocks rise to 3-month high as bonds gain on Fed

Emerging-market stocks rose to a three-month high, bonds advanced and currencies strengthened as Lawrence Summers withdrew his bid to become Federal Reserve chairman and the U.S. agreed on a plan with Russia to eliminate Syria’s chemical weapons. The MSCI Emerging Markets Index climbed 1.4 percent to 1,000.42 at 9:53 a.m. in London, heading for the highest level since June 4….

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