New York: Emerging markets got a lift from the Federal Reserve, US President Donald Trump and Chna President Xi Jinping to start the year. Oil may be the next saving grace.
Investors say a potential uptick in crude prices might be the latest tailwind for the developing world after the White House scrapped waivers tied to Iranian oil sanctions. Brent crude gained as much as 3.5 per cent on Monday and was close to reaching $75 a barrel on Tuesday for the first time since October.
