Emerging market equities approach record highs as U.S.-Iran deal drives oil prices lower

Emerging market currencies, equities, and bonds joined the global rally in risk assets on Monday, following a temporary agreement between the United States and Iran aimed at restoring passage through the Strait of Hormuz. Oil-import-dependent nations saw the strongest gains as Brent crude fell to its lowest level since March. The Philippine and Indonesian currencies led gains among their emerging market peers, while in fixed income markets, dollar-denominated bonds issued by Egypt and Sri Lanka posted the largest increases. The MSCI Emerging Markets Equity Index rose 2.8%, approaching the record high it reached earlier this month. “The de-escalation should provide some relief to markets,” Bank of Nassau

Global Markets Update05:48

Express News | Ares Core Infrastructure Fund - Units Enter Credit Agreement With Morgan Stanley, Mufg Bank, and Wells Fargo on June 9 - SEC Filing

Breakings04:36

Big Banks Face Further 'Debanking' Probe, OCC to Publish Findings in Coming Weeks - Report

Seeking AlphaJun 15 22:52

Wells Fargo Named Preferred Mortgage Lender for ICON

MT NewswiresJun 15 22:08

Builder Sentiment Weakened in June Amid Affordability Concerns

WSJJun 15 22:00

Wells Fargo (WFC) Receives a Rating Update From a Top Analyst

TipRanksJun 15 18:57 · Ratings