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Stocks inch up on first day of Q4, investors assess PMI data

Emerging market equities edged higher on Monday after a brutal third quarter marked by fears of U.S. interest rates staying elevated for longer, while investors assessed a slew of upbeat business.

Rising oil prices irk global central banks

NEW YORK: Just a couple of months ago, emerging market (EM) assets were all the rage as inflation eased and interest rate cut bets surfaced. That trade has all but fizzled out.

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