Emerging Markets Rise Ahead of Jobs Report as Traders Eye China
- FX index holds gain after jobless claims, trimming weekly drop
- Stocks climb for fourth day on hopes of more Beijing stimulus
A food delivery courier for Meituan in Beijing.
Photographer: Na Bian/BloombergThis article is for subscribers only.
Emerging-market currencies pared weekly losses and stocks posted their longest winning streak in more than two months as investors awaited potential signs of further stimulus from China and Friday’s US jobs report.
An MSCI Inc. gauge for developing-world currencies ended the day 0.1% higher Thursday. Assets held gains after US jobless claims rose to the highest in a month ahead of the monthly employment report, which may offer clues on the Federal Reserve’s interest-rate decision later this month.