EMERGING MARKETS-India, Saudi pressured by politics, buck broader emerging market gains



Emerging stocks rose 0.6 percent on Thursday, led by energy-heavy Gulf and Russian bourses, though Saudi markets lagged and Indian assets sold off after New Delhi said it launched a strike on suspected militants based in Pakistan.
OPEC energy producers' unexpected decision to cap oil output spurred a 6 percent jump in crude futures on Wednesday, and while details of the cuts were sparse, MSCI's emerging equity index rose to six-day highs.
The Malaysian ringgit rose 0.4 percent to a one-week high , while the Russian rouble inched to the highest in almost two months against the dollar.... read more

 
29 September 2016 in World News, Views: 28
Source: Reuters
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