Posted 11/28/2023, 10:44:06 AM
Emerging Markets Rise on Hope of US Rate Peak; Pakistan Stocks Hit Record High
- Russian rouble firms as exporters pay monthly taxes; central bank to adjust currency intervention formula
- Pakistan benchmark share index reaches all-time high; interest rate cut seen as imminent
- Chinese central bank governor says monetary policy to remain accommodative, rely less on infrastructure
- Emerging market currencies up 0.2%, stocks up 0.5% on growing bets of US interest rate peak
- ArcelorMittal South Africa shares tumble 19.7% on plans to close long steel operations, cut jobs