Grupo Financiero Banorte SAB de CV (GFNORTEO)'s interactive chart as of 08/26/2011
The benchmark index has risen for the first time in five weeks, as emerging-market stocks rose on Friday. At the annual Fed symposium last Friday, Federal Reserve Chairman Ben. S. Bernanke eased investors concerned about the state of the economy, relaying that U.S. growth is sound in the long run, and that the Fed still has tools to aid the recovery if needed. This also affected the way investors will go about investing in emerging economies, such as Mexico.
The MSCI Emerging Markets Index gained 0.3 percent to 975.92 at 5:41 p.m. in New York, after dropping as much as 0.5 percent in the first five minutes following Bernanke’s speech today at an annual Fed symposium. Brazil’s Bovespa Index rose 0.8 percent while Mexico’s benchmark advanced 0.4 percent. Turkey’s ISE National 100 Index (XU100) climbed 1.4 percent after the trade deficit narrowed from a month earlier and Russia’s Micex Index added 1.1 percent.
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