Emerging-Markets Stocks Reach 7-Month High

May 8 (Bloomberg) — Emerging-market stocks rose to the highest in seven months as stress tests indicated U.S. banks may plug their capital hole with private funds and fewer job losses in the U.S. signaled the worst of the global recession is over.

The MSCI Emerging Markets Index added 1.4% to 725.13, its highest level since Oct. 3.

MP: Since the March bottom, the Emerging Markets Index has increased by 52.6%, and is up by 28% since the first of the year.

About Mark J. Perry 262 Articles

Affiliation: University of Michigan

Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan.

He holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University in Washington, D.C. and an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota.

Since 1997, Professor Perry has been a member of the Board of Scholars for the Mackinac Center for Public Policy, a nonpartisan research and public policy institute in Michigan.

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