Bloomberg
Published Jan 12, 2020 09:39PM ET
Updated Jan 13, 2020 12:15AM ET
EM Review: Phase-One Trade Deal Hope Fuels Asset Rally
(Bloomberg) -- Emerging-market stocks and currencies climbed for a sixth consecutive week to 19-month highs as risk assets started 2020 on a positive note. Investor optimism for a signed phase-one U.S.-China trade deal offset the sudden escalation -- then easing -- of tension between the U.S. and Iran. The Middle Eastern nation attacked American troops based in Iraq in retaliation for the killing of a senior commander, though no one was injured in the strikes.
The following is a roundup of emerging-markets news and highlights for the week ending Jan. 10.
Highlights:
Written By: Bloomberg
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