Economics
South Africa Budget, Brazil Reforms to Be Emerging Markets Focus
- Fin Min Gigaba presents South Africa’s 2018-19 national budget
- S&P to review Russia’s rating; Kenya’s Eurobond roadshow ends
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With a shortened week in the U.S. and China, emerging markets may provide some of the best clues to whether stocks can extend their strongest rally since 2016.
The MSCI Emerging Markets Index of equities climbed 5 percent last week -- its best five days since 2016 -- while a gauge of developing-nation currencies rose 0.9 percent. The Bloomberg Barclays index of local-currency government bonds advanced 1.7 percent.