Emerging markets hit record highs amid economic recovery hopes – business live

Emerging markets hit record highs amid economic recovery hopes – business live

Rolling coverage of the latest economic and financial news 8.45am GMT Mining stocks are rallying this morning, on expectations of stronger demand for commodities such as iron ore, copper and coal.Antofagasta (+2%), Glencore (+2%) and Rio Tinto (+1.9%) are all among the FTSE 100 risers.#Platinum surges to a six-year high above $1200/oz, while its discount to #gold slumps to $635 (from $1050 in early November). The green transformation theme currently turbocharging platinum and #copper as constrained supply meet strong demand. pic.twitter.com/ShzOMht3VzStock market rally resumes w/reflation & re-opening remain the buzzwords dominating the narrative. Tencent fueled gains in Asia. MSCI World hit ATH, global stocks now worth record $109tn. Platinum climbs to 6y high. Bonds steady w/US 10y yields 1.15%. Gold $1843, #Bitcoin $46.4k. pic.twitter.com/jm7rf3T4Jx 8.27am GMT Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.Stock markets across the emerging economics are pushing higher today as investors continue to price in a solid recovery once the Covid-19 pandemic has been driven back.MSCI's main emerging-market index, which covers nearly 1,400 companies across 27 developing-world countries, rose 0.9% on the day and has gained seven out of the last eight sessions.The index, which