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Emerging Stocks, Currencies Gain as Economic Confidence Returns
©2015 Bloomberg News NX9F936K50XZ (Bloomberg) — Emerging-market assets rose for a third day as increasing confidence that the global economy is stabilizing outweighed concern that a pending increase in U.S. borrowing costs will lure money away from developing nations. Colombia’s peso led gains in currencies, strengthening 3.5 percent against the
When Federal Reserve Hikes Rate, Who Wins, Who Loses, Who Draws
©2015 Bloomberg News NQ258MSYF01X (Bloomberg) — The longest drumroll in the 102-year history of the Federal Reserve precedes its next interest-rate increase. That doesn’t mean some of its effects won’t be surprising. “This is a major inflection point,” said Erik Davidson, chief investment officer for Wells Fargo & Co.’s private
