Emerging Market Stocks Rebound As Micex Rallies

Emerging-market stocks rebounded and Russia’s Micex Index rallied the most since May 2010 as the prospects for all-out war in Ukraine receded. The ruble climbed from a record low.  The MSCI Emerging Markets Index rose 0.3 percent to 953.80 at 10:49 a.m. in London, following yesterday’s 1.6 percent slump. The Micex Index jumped 4.8 percent after plunging 11 percent, the most since November 2008. The ruble strengthened 0.6 percent against the central bank’s basket of dollars and euros after closing at an all-time low 42.6570. Turkey’s lira and the Polish zloty both gained at least 0.7 percent.

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