Emerging Stocks Rise to 15-Month High on U.S. Jobs Report - Bloomberg

Emerging Stocks Rise to 15-Month High on U.S. Jobs Report - Bloomberg:



"Emerging-market stocks rose for a fourth day after the U.S. jobless rate slid to an almost six-year low, boosting the outlook for global growth. The Brazilian real advanced from a one-week low.



The MSCI Emerging Markets Index added 0.2 percent to 1,062.18 in New York, the highest close since March 2013. Chipmaker Inotera Memories Inc. surged to a record. The Shanghai Composite Index rose to a two-week high and Turkey’s stock benchmark climbed 0.9 percent. The Ibovespa advanced in Brazil as commodity companies gained. The iShares Emerging Markets exchange-traded fund climbed for a third day, rising 0.6 percent.



U.S. employers added more workers than forecast in June and the unemployment rate dropped to 6.1 percent, Labor Department figures showed today. The report adds to global optimism after data on July 1 showed China’s manufacturing expanded in June at the fastest pace this year, while a private gauge signaled gains in India."



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