Thursday, February 4, 2010

Commodity Prices Drive Emerging Market Stocks Up

Commodities and Emerging Markets

Stocks reflecting emerging markets enjoyed their based gain in a couple of months as commodity prices helped them rebound as some are starting to believe the economic recovery is real and demand for raw materials will increase.

As a result, the MSCI Emerging Markets Index surged 1.8 percent to 957.11 at a little past 11:00 a.m. in London, the most dramatic increase since Dec. 1, 2009.

Other major indexes increased as well with the Russian Micex Index of stocks rising by 1.2 percent; the Shanghai Composite Index of China increasing by 2.4 percent; and the Sensex Index in India gaining 2.1 percent.

Commodities and Emerging Markets

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