EM Review: Vaccine-Led Rally Eased as Infection Numbers Surged
- Mexico, Peru held rates; Egypt cut while Argentina tightened
- Pompeo says U.S. is not finished with getting tough on China
Gains in emerging-market stocks and currencies were tempered as the week went on by a surge in global virus infections.
Photographer: Nelson Almeida/AFP via Getty Images
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Emerging-market stocks and currencies posted a second week of gains last week as news of a vaccine breakthrough added to optimism fueled by the outcome of the U.S. elections. Gains were tempered as the week went on by a surge in global coronavirus infections. Central banks said a vaccine won’t end the economic problems caused by the pandemic.
The following is a roundup of emerging-market news and highlights for the week through Nov. 15: