Angola suspended plans to seek a credit rating from agencies before an international bond sale and will instead sell as much as $2 billion of government bonds locally, a Finance Ministry official said.
Turkey’s central bank provided banks more liquidity and cheaper funding, a day after scrapping any low-cost lending, as Governor Erdem Basci tweaks policy on a day-by-day basis to curb inflation and support the lira.
Emerging-market stocks rose for the first time this year after the International Monetary Fund said it will raise its forecast for world growth. South Korea’s won rallied on speculation exporters repatriated overseas income.
Turkey’s bonds rebounded, sending yields plunging the most on record, while the lira and stocks surged a day after nationwide protests against Prime Minister Recep Tayyip Erdogan trigered a market rout.