But Mobius warns the selloff in developing economies probably is not over
European shares rose for a third day and Standard & Poor's 500 Index futures advanced before US employment data. The euro weakened, German bonds gained and copper climbed for a second day.
The Stoxx Europe 600 Index increased 0.4 per cent at
Emerging-market stocks advanced for a second day, trimming losses in the worst start to a year since 2010. The euro declined against all but two of its 16 major peers. The yield on 10-year German bonds fell three basis points to 1.67 per cent. Copper gained 0.3 per cent and nickel jumped 1.2 per cent.
The selloff in developing economies probably isn't over as sentiment remains negative,
Three shares rose for every two that declined in the Stoxx 600, with trading volumes 19 per cent higher than the 30-day average. The index has climbed 0.4 per cent this week.
Basic-resources companies gained the most among 19 industry groups in the Stoxx 600.
The Shanghai Composite Index swung to a gain of 0.6 per cent as it reopened and a private gauge showed slowing growth in the services industry. A measure of Chinese shares in
The MSCI Emerging Markets Index climbed 0.6 per cent, trimming this year's decline to 6.7 per cent.
Shares have slumped this year as
Losses that dragged the
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