Emerging Markets Retreat From Abyss

Finally, there may be some relief for emerging-market investors.  Strategists at banks from Goldman Sachs Group Inc. to Bank of America Corp. say that developing-nation assets are bottoming out following three years of losses in currencies and stocks.  It’s not that they are likely to embark on a rally. Rather, that the mood among investors has become so depressed, even a marginal improvement in the economic outlook will be enough to shift sentiment and drive up assets such as the Mexican peso, Russian ruble bonds and Indian stocks, the analysts say.

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