The iShares MSCI Emerging Markets Index rose to a one-month high as better-than-estimated growth in Brazil bolstered optimism the global economy is recovering. The real led gains among the world’s major currencies.
Brazil’s consumer prices rose less in January than economists estimated, reinforcing bets the central bank will slow the pace of interest rate increases in the world’s second-biggest emerging market. Swap rates fell.
Flight delays are significantly undercounted at some of the biggest U.S. hub airports, skewing airlines’ on-time performance statistics disclosed to travelers, according to an inspector general’s report.
Emerging-market stocks advanced, sending the benchmark index to its third straight weekly gain, as China’s economic growth accelerated. Taiwan Semiconductor Manufacturing Co. led technology shares to a record.
The Conference Board will release a monthly leading economic index for China from May 17 that will signal turning points in the world’s fastest-growing major economy, the New York-based research group said.
Foreign direct investment in China increased at a faster pace in September, underscoring confidence in the outlook for the fastest-growing major economy and adding to pressures on the nation’s exchange rate.