Emerging Stocks Set for Best Month Since 2009 Despite Oil Fear

Emerging equities ended April in the red as oil prices surged above $125 per barrel, pressuring risk assets on the session. The tone is risk-off for emerging markets, though the broader backdrop remains constructive as the asset class stayed on track for its best month since 2009.

Analysis

Emerging equities ended April in the red as oil prices surged above $125 per barrel, pressuring risk assets on the session. The tone is risk-off for emerging markets, though the broader backdrop remains constructive as the asset class stayed on track for its best month since 2009.