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Litmus Test Awaits Emerging-Market Stocks After Seven-Week Rally
Bloomberg
12/21/2020
Justin Carrigan, Farah Elbahrawy and Livia Yap
© Bloomberg
Figures for various Stock Exchange of Thailand (SET) indices are displayed on an electronic board at the bourse in Bangkok, Thailand, on Monday, Oct. 26, 2020.
(Bloomberg) Emerging markets may have their work cut out sustaining one of their strongest final quarters in more than a decade.
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Prospects for a U.S. stimulus windfall, a successful roll-out of Covid-19 vaccine programs, a commodity-price boom and even a possible Brexit trade deal were enough to keep the rally on course last week. Indexes of stocks, currencies and bonds registered their seventh successive weekly advance, taking the gain on the MSCI Inc. equity gauge since the end of September to more than 17% on Friday. ....

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