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  • Reuters9 months ago

    EMERGING MARKETS-Stocks edge up after Fed takes cautious tack

    Emerging equities rose on Thursday to touch a two-week high after the U.S. Federal Reserve took a cautious tack, while a rise in oil prices helped currencies such as the Russian rouble and Kazakh tenge to firm. The benchmark emerging equity index was up 0.65 percent, helped by gains in Russia, where dollar-denominated stocks rose 2.5 percent, South Africa, where the blue-chip Top 40 was up 1.5 percent and Turkey , up 0.9 percent. There were also gains across markets in Asia, Eastern Europe and even the Middle East, where an increase in oil prices on the possibility of output cuts leant support.

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