Bloomberg News

Emerging Stocks Pare Gains as Bernanke Cites No Specific Steps

July 17, 2012

Emerging-market stocks pared gains after Federal Reserve Chairman Ben Bernanke refrained from discussing specific stimulus steps to boost the recovery.

The MSCI Emerging Markets Index added 0.7 percent to 932.76 by 10:30 a.m. in New York, after advancing as much as 0.9 percent earlier today.

To contact the reporter on this story: Sridhar Natarajan in New York at snatarajan15@bloomberg.net

To contact the editor responsible for this story: Tal Barak Harif at tbarak@bloomberg.net


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