Stocks For Emerging Markets On the Rise
Emerging market stocks are on the rise for the sixth day as the outlook for economic growth was positive. One factor that contributed to the climb of emerging market stocks were the increased sale of homes in the United States which exceeded economist estimates. Another factor was that Indonesia reported expectations of higher growth in the second half. The emerging markets of the largest developing nations of Brazil, Russia, India and China have an improved economic outlook in months ahead.
For instance, the Bombay Stock Exchange's Sensitive Index rose 0.5 percent. In addition, Indonesia's third largest state owned bank, PT Bank Negara Indonesia, climbed after reporting gains in profits for its first half. Overall the MSCI Emerging Markets Index grew 0.6 percent.