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EMERGING MARKETS-Emerging shares rise on trade hopes, China data; Turkey's lira drops

News Summed Up 2019-04-15 05:30:00

Bank notes of different currencies, including Euro, U.S. Dollar, Turkish Lira or Brazilian Reais, are photographed in Frankfurt, Germany, in this illustration picture taken May 7, 2017. Picture taken May 7, 2017. REUTERS/Kai Pfaffenbach/IllustrationApril 15 (Reuters) - Emerging market shares rose on Monday on optimism that U.S.-China trade talks could be nearing the final round, while easing fears of a slowdown in global growth on signs of stabilization in the Chinese economy further boosted risk sentiment.MSCI’s index of emerging market shares rose 0.1 percent in an Easter holiday-shortened week, but pared some gains as China shares closed lower.Over the weekend, U.S. Treasury Secretary Steven Mnuchin said he hoped U.S.-China trade talks were approaching their final lap. Meanwhile, Chinese data showing exports rebounded in March to a five-month high while new bank loans jumped by far more than expected.“U.S. and China have been actively keeping alive hopes that a trade deal is within reach.


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