May 04 2021, 10:17 AM
May 04 2021, 7:29 AM
May 04 2021, 10:17 AM
(Bloomberg) -- The rally in commodity prices is bolstering the outlook for emerging-market currencies and boosting parts of credit and stocks even as it fuels concerns about higher inflation.
(Bloomberg) -- The rally in commodity prices is bolstering the outlook for emerging-market currencies and boosting parts of credit and stocks even as it fuels concerns about higher inflation.
The Bloomberg Commodity Spot Index has risen to the highest since 2012 after advancing 8.7% last month in the biggest jump since August. Many investors expect more gains as the world pulls out of the pandemic.
Thatâs helped lift the MSCI Emerging Markets Currency Index near a record after it surged 1.5% in April, the most this year. A gauge of global stocks has also continued up after increasing 4.2% last month, the best in four. Corporate debt from Asian metal and mining firms has also outperformed, returning 2% in April compared with just 0.4% for broader Asian emerging-market dollar bonds.