Emerging Markets
Mexico's Credit Rating Cut by Fitch as Oil Output Drop Swells Budget Gap Mexico’s credit rating was cut one
level by Fitch Ratings after tumbling oil output and the worst
recession since the 1930s swelled the budget deficit.
Israeli Central Bank Raises Key Rate for Second Time Since Recovery Began The Bank of Israel unexpectedly
raised the benchmark interest rate for a second time since the
global economy began to recover as growth accelerated and
inflation approached the top of the government’s target range.
Dubai Bonds Advance After Sheikh Mohammed's Corporate Leadership Shakeup Dubai bonds gained after ruler
Sheikh Mohammed Bin Rashid Al Maktoum reduced the power of
some top executives as he tries to improve investor
confidence in the emirate burdened by $80 billion of debt.
Latin America Stocks to Approach Record Highs by End 2010, JPMorgan Says Latin America’s stock markets will
rebound to almost record highs by the end of next year, with
better earnings likely to boost a regional index 27 percent in
13 months, according to JPMorgan Chase & Co.
Brazil's Bovespa Gains on Outlook for Commodities Demand; Real Advances Brazilian stocks rose the most in a
week on speculation low interest rates and economic stimulus
from the country’s biggest trading partners will sustain demand
for commodities.
Chilean Peso Climbs as Copper Advances; Colombia's Currency Strengthens Chile’s peso climbed as the price of
copper, of which the nation is the world’s top producer, touched
a 14-month high.
Emerging-Market Stocks, Currencies Rise on Commodities, Economic Outlook Developing-nation shares rose the
most in a week and emerging-market currencies rallied on gains
for commodity prices and speculation central banks will keep
interest rates low to underpin the global economic recovery.
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