17.08.2015 19:43
YEREVAN, August 17. / ARKA /. Emerging-market stocks fell to the lowest level since October 2011, extending last week’s losses, and currencies slid as investors speculated that capital outflows will accelerate, Interfax reported citing Bloomberg. It said Russia’s ruble tumbled with oil prices.
The MSCI Emerging Markets Index lost 1 per cent to 854.81, according to Bloomberg. The gauge posted a fourth weekly drop, the longest stretch of weekly declines in two months, after China’s shock devaluation boosted bets that Asian nations will weaken their currencies.
A US manufacturing report due Monday may offer clues on the Federal Reserve’s timing for its first interest-rate increase since 2006, it said.
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