EM Stocks Fluctuate Before Weekend Even as Lower Oil Helps Mood

Emerging-market stocks swung between gains and losses as US and Israeli efforts to allay worries over a potential Iran war pushed oil down from near four-year highs. The easing of energy-driven geopolitical risk reduced risk premia for commodity-sensitive and EM assets, providing a modest reprieve while keeping intraday volatility elevated.

Analysis

Emerging-market stocks swung between gains and losses as US and Israeli efforts to allay worries over a potential Iran war pushed oil down from near four-year highs. The easing of energy-driven geopolitical risk reduced risk premia for commodity-sensitive and EM assets, providing a modest reprieve while keeping intraday volatility elevated.