EMERGING MARKETS-Emerging stocks rise; politics, dollar pressure Turkey



Oct 4 Turkey's lira fell to two-month lows on Tuesday as the suspension of some 12,800 police signalled a continuation of the government's crackdown after July's failed coup, though global equity gains allowed emerging shares to rise for a second day.
Strong U.S. manufacturing data supporter the dollar and took a toll on emerging currencies overall, with markets now pricing a U.S. interest rate rise in December. However, signs of positive growth momentum in the world's largest economy boosted emerging equities, which rose 0.4 percent.
But the impact of positive PMI data in many countries... read more

 
4 October 2016 in World News, Views: 31
Source: Reuters
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