EM stocks and currencies fall as Iran war risks escalate
EM assets fell as Iran war risks pushed oil prices higher. MSCI indexes still head for monthly gains while investors assess a divided Federal Reserve board.
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Emerging market stocks and currencies fell on Thursday as Iran war risks drove Brent Crude Oil up 7% to a four-year high. Despite the daily dip, the ISHARES MSCI EMERGING MARKET index remains on track for its largest monthly gain since November 2022. Renewed geopolitical tension and a hawkish United States Federal Reserve are forcing investors to re-evaluate risk premiums across developing economies.
