Emerging Stocks Advance as Central Banks Reduce Dollar Funding Costs

Via Bloomberg.com:

Emerging-market stocks have advanced as the Federal Reserve and five other central banks cut the cost of emergency dollar funding for European banks to help alleviate the region’s debt crisis. Cemex SAB (CEMEXCPO), the largest cement maker in the Americas, led stocks higher on the IPC in Mexico City, climbing for a third day and gaining 6.6 percent to 6.32 pesos.