Brazil Recovery Boosts Emerging Markets

Developing-country markets bounced back this week, helped by Brazil’s market recovery.

Until Thursday, Brazil was the best performing stock market in pound terms over the five days, according to our exclusive Accumulator data table, as it recovered some ground from last week's heavy losses.

Moreover, the country’s recovery helped emerging markets to a 3.1% gain, taking their gains in 2017 so far to 13%, just behind Europe's 13.9% in the race for the best performing region of the year.

However, the alleged corruption scandal involving president Michel Temer has not gone away. Temer withdrew an order sending 1,500 troops onto the streets amid strong criticism.

Nevertheless, the country's stock market and currency have trimmed off some of their losses, although both are still down heavily following the political scandal.

Read more at CityWire.