EMERGING MARKETS-Stocks rise on robust factory data; Deutsche fears allayed



Oct 3 Emerging equities rose 0.8 percent on Monday, buoyed by robust factory activity data in Europe and Asia, and reports that a fine imposed on Germany's Deutsche Bank may be smaller than initially feared.
The benchmark emerging equity index rose off 10-day lows hit on Friday, tracking developed market gains after a report said Deutsche Bank and the U.S. Department of Justice were close to agreeing a settlement of $5.4 billion, well below the initial $14 billion demand.
The threat of a fresh European banking crisis had pushed Deutsche Bank shares to record lows last week, dragging on... read more

 
3 October 2016 in World News, Views: 37
Source: Reuters
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