Emerging-Market Stocks Post Weekly Decline as Micex Retreats - Bloomberg

Emerging-Market Stocks Post Weekly Decline as Micex Retreats - Bloomberg:



"Emerging-market stocks posted a second straight weekly loss amid concern China’s economic slowdown will damp demand for equities and higher U.S. interest rates will lure money away from developing-nations’ assets.



OAO Novatek, the Russian natural-gas producer, led a gauge of emerging-nation energy producers lower. The Micex Index fell for a third day in Moscow. The Ibovespa declined 1 percent in Sao Paulo. A gauge of Chinese technology companies advanced after Alibaba Group Holding Ltd. raised a record-breaking $21.8 billion in an initial public offering.



The MSCI Emerging Markets Index fell 0.2 percent to 1,054.08, pushing this week’s loss to 0.7 percent. China boosted cash in the financial system as data this week showed foreign direct investment into the country slid in August. The Federal Reserve raised by 25 basis points its median estimate for where the fed funds rate will be by the end of 2015."



'via Blog this'