Stocks poised to hit 4th week of gains

Emerging market stocks are poised to hit their 4th week of gains amid uncertainty in the Eurozone and a troubled Turkish market.

The MSCI Emerging Market Index gained 1 per cent, amounting to an overall gain of 1.3 per cent on the week.

Stocks were buoyed by a new round of economic stimulus by the Bank of England, which cut interest rates and restarted bond buying.

Emerging market currencies gained strength as well, as Russia's double gained 0.6 per cent and South Africa's rand 0.4 per cent to a nine-month high.

Turkey's lira gained 0.2 per cent but was one of the few emerging market currencies to post an overall decline for the week.

Read more at Reuters.