23 Hrs
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المشهد العربي
Emerging Markets Gain on Oil Drop
Emerging markets' stocks and currencies rose as a result of declining U.S. Treasury yields and falling oil prices. The MSCI Emerging Markets Index increased by 1.81% to reach 1,739 points, marking gains for the second consecutive session. Additionally, the currency index rose by 0.12% to settle at 1,934 points, supported by a weak dollar and a rebound in global bonds. South African and Eastern European markets also benefited from reduced risks associated with sovereign debt, amid growing demand for government bonds. Meanwhile, U.S. bond yields declined, and markets responded to the drop in oil prices below $100 per barrel.
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