(Bloomberg) -- Emerging market stocks rose, heading
for their biggest weekly gain since March, as a U.S. inflation
report eased concern that higher U.S. interest rates would decrease
the allure of the riskier equities.
OAO Gazprom, the world's largest natural gas producer, paced
the gains after oil prices hit a nine month high yesterday.
Petroleo Brasileiro SA, Brazil's state-controlled oil company,
surged to a new high. The Morgan Stanley International Index of
emerging market shares rose to a record for a second day.
Read more at Bloomberg Stocks News
for their biggest weekly gain since March, as a U.S. inflation
report eased concern that higher U.S. interest rates would decrease
the allure of the riskier equities.
OAO Gazprom, the world's largest natural gas producer, paced
the gains after oil prices hit a nine month high yesterday.
Petroleo Brasileiro SA, Brazil's state-controlled oil company,
surged to a new high. The Morgan Stanley International Index of
emerging market shares rose to a record for a second day.
Read more at Bloomberg Stocks News
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