Emerging Stocks Drop Amid Low Volatility Before Economic - Bloomberg

Emerging Stocks Drop Amid Low Volatility Before Economic - Bloomberg:

"Emerging-market stocks slid for a sixth day as price swings in the benchmark gauge fell to the lowest level in five months before U.S. economic reports and the European Central Bank’s policy meeting.
Inventec Corp. lost 6.9 percent in Taipei after Fubon Securities recommended investors sell the stock. Fosun International Ltd. (656) sank the most in five months in Hong Kong after announcing a plan to sell convertible bonds. HTC Corp. (2498) rose 4.5 percent after KGI Securities Co. said the company and China Mobile Ltd. will form an alliance. Indonesia’s rupiah and the Philippine peso rose at least 0.1 percent versus the dollar.
The MSCI Emerging Markets Index slipped 0.3 percent to 1,013.63 of 1:04 p.m. in Hong Kong, poised for its lowest level since Oct. 9. The measure’s 50-day historical volatility dropped to 12.2, the lowest level since June 10. U.S. growth data today and payrolls figures tomorrow may help investors assess the outlook for Federal Reserve policy after two papers from central bank officials said the level of slack in the world’s biggest economy justifies an accommodative stance. The ECB is projected to keep its main interest rate on hold."

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