The Mexican peso climbed for a fifth day in the longest rally since November after U.S. employers added jobs at the fastest pace in two years in April, boosting the outlook for Mexico’s biggest trading partner.
Emerging-market stocks fell for a third day after a Chinese manufacturing gauge signaled contraction and concern grew that the crisis in Ukraine will escalate. The yuan touched the weakest level in 16 months.
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.
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.
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.
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.