Emerging Assets Edge Higher as Markets in ‘Waiting Mode’ on Iran

Emerging-market assets rose as traders clung to hopes of last minute de-escalation of the Middle East conflict just hours before Donald Trump’s deadline on Iran was set to expire.

Gauges tracking developing currencies and equities edged higher, advancing 0.1% and 0.7% respectively. The barrage of Iran war headlines — from Trump’s social media post on the death of “a whole civilization” to multiple reports on ongoing talks and new strikes — underscored how difficult it is for investors to parse the latest developments.