Emerging-market stocks rose, pushing the benchmark index to an eight-month high, as improved German investor confidence boosted markets from Poland to (more)
Emerging-market stocks rose, pushing the benchmark index to an eight-month high, as improved German investor confidence boosted markets from Poland to the Czech Republic that benefit from growth in Europe's biggest economy.
Stalexport Autostrady SA (STX) jumped the most in three years to lead gains in Warsaw, while Central European Media Ltd. (CETV) climbed the most in three months in Prague. Seoul-based Daewoo Shipbuilding & Marine Engineering Co. Ltd. led advances in emerging-market industrial stocks as HMC Investment Securities said shipbuilders have an "attractive" valuation.
The MSCI Emerging Markets Index added 0.5 percent to 1,034.55 in New York, the highest level since April 6. German investor confidence jumped more than economists anticipated in December, according to the ZEW Center for European Economic Research in Mannheim, overshadowing data out of China showing new yuan loans trailed forecasts last month. U.S. lawmakers returned to Washington today as President Barack Obama and House of Representatives Speaker John Boehner attempt to make a deal on fiscal policy.
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