Emerging-Market Bulls Brace for Treasury Relapse After Rally

MSCI Inc.’s developing-nation stock gauge extended a three-week winning streak on Friday, while a basket of currencies capped its biggest weekly advance since early February.

South Africa’s rand, the top currency performer in the developing world, is particularly exposed to a potentially stronger dollar, Andres Jaime, a New York-based strategist at Morgan Stanley, wrote in a note.

Peruvian stocks dropped to their lowest since January after an admirer of Fidel Castro and Hugo Chavez won the most votes in the first-round of the nation’s presidential election.

He’s facing condemnation from Western officials over the deteriorating health of jailed opposition leader Alexey Navalny as well as the Kremlin’s hack attacks and actions toward Ukraine.

Indonesian policy makers are expected to keep their key rate on hold Tuesday as the weakening rupiah deters further easingAt a briefing following the March meeting, Governor Perry Warjiyo said the central bank will guard the currency to keep it in line with its fundamentalsThe rupiah has dropped 3.4% this year, the second-worst decline in emerging AsiaPolicy makers last lowered the seven-day reverse repo rate in February, cutting to a record low of 3.5%“With the rupiah under pressure, BI’s desire to maintain external stability means rate cuts are off the cards,” Krystal Tan, an economist at Australia & New Zealand Banking Group Ltd.

Following is a list of company earnings scheduled for release April 19-23, along with earnings previews for select companies.

The German defense minister says she wants to help bring some Afghan employees of her country’s military to Germany as it prepares to leave Afghanistan after nearly 20 years.

“The fact that we managed to break above $1,765 and close above on Friday is likely to have attracted some renewed speculative buying from trend and momentum players,” Saxo Bank analyst Ole Hansen said.

New York time.The Stoxx Europe 600 Index climbed 0.1%.The MSCI Asia Pacific Index rose 0.3%.The MSCI Emerging Market Index increased 0.2%.CurrenciesThe Bloomberg Dollar Spot Index dipped 0.4%.The euro rose 0.4% to $1.2032.The British pound climbed 0.7% to $1.3935.The onshore yuan strengthened 0.2% to 6.511 per dollar.The Japanese yen strengthened 0.6% to 108.11 per dollar.BondsThe yield on 10-year Treasuries gained less than one basis point to 1.58%.The yield on two-year Treasuries was unchanged at 0.16%.Germany’s 10-year yield jumped three basis points to -0.23%.Britain’s 10-year yield dipped less than one basis point to 0.762%.Japan’s 10-year yield fell one basis point to 0.087%.CommoditiesWest Texas Intermediate crude was little changed at $63.10 a barrel.Brent crude declined 0.1% to $66.73 a barrel.Gold was little changed at $1,776.30 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Consumers bought more sodas in China and India offseting weakness in the United States and Western Europe, where restrictions were more stringent and consumers preferred to snack or cook more at home.

A massive wildfire spread from the foothills of Table Mountain to the University of Cape Town Sunday, burning historic South African buildings and forcing the evacuation of 4,000 students, per Times Live.The big picture: Visitors to the Table Mountain National Park and other nearby attractions were also evacuated and several roads including a major highway, were closed.

On Sunday night, Dow Jones Industrial Average futures lost 46 points, or 0.1%, while the S&P 500 futures fell 0.2% and Nasdaq Composite futures declined 0.3%.

After the fire was extinguished, authorities located 2 occupants in the vehicle, with one in the front passenger seat while the other was in the back seat of the Tesla, the report said, citing Harris County Precinct 4 Constable Mark Herman.

Taiwan’s tech-focused exports have soared during theCOVID-19 pandemic because of global demand for laptops, tablets and other equipment to support the work-from-home boom, driving its trade surplus with the United States and jacking up the value of the Taiwan dollar.

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