Stocks halt decline, rise on Fed speculation

Emerging market stocks halted their recent decline and rose the most in over three weeks on speculation that the US Federal Reserve will remain accommodative in the coming weeks.

Investors have recently speculated that the Fed will raise US interest rates, prompting a decline in emerging market stocks around the world.

New data showed New York manufacturing and US factoring output with only slight increases, boosting optimism that the Fed won't raise the interest rate anytime soon.

Also, Poland offered its first 30-year Euro bond in over one decade, while sources close to the Kingdom of Saudi Arabia said rates have been proposed for its forthcoming debut offering.


Read more at Bloomberg.