Stay updated with breaking news from High Yield Securities. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Emerging market stocks rallied on Thursday with the dollar taking a hit on growing bets of an imminent end to the U.S. rate-hiking cycle, while Pakistan dollar bonds jumped after the International Monetary Fund cleared a $3 billion bailout.
Most emerging markets' currencies and stocks gained on Wednesday against a weak dollar, with traders awaiting a crucial U.S. inflation reading to determine whether the Federal reserve is at the end of its rate hike cycle.
Pakistan's sovereign dollar-denominated bonds jumped on Monday after its parliament approved a revised budget in a last ditch bid to clinch a deal with the International Monetary Fund (IMF).
Emerging market stocks slumped on Wednesday as a faster-than-expected slowdown in China's factory activity exacerbated fears of a weak recovery in the world's second-largest economy, while Turkey's lira continued its descent to all-time lows.
The Turkish lira slid to a record low on Monday as President Tayyip Erdogan's victory in the weekend election rattled investors, while most Latin American currencies rose on expectations the United States will avoid a debt default.