London, January 31Reuters)-
Emerging markets confirmed a strong start to the year, with the stock market hitting its best January in six years, as markets await more signals from US monetary policyS.
The Fed late Wednesday.
Gains in Hong Kong and Taiwan have boosted MSCI's benchmark index of emerging markets 0.
Rose 4% that day.
The index since the beginning of the soaring the 8%-this is since March 2016 since the best of monthly rise is also self-January since Best of 2012.
Global stocks started strongly this year, with Wall Street hitting record highs in a row, but rising yields on global bonds upset some markets.
Normalization of US monetary policyS. and higher U. S.
NN's investment partners say yields will increase pressure, but the overall positive outlook for emerging markets remains unchanged.
In a note to customers, nn ip analysts wrote: "With the simultaneous recovery of developed and emerging markets, the global economic growth prospects are strong, which will drive global trade growth . ".
The Fed will end its first 2018 meeting and the last meeting of outgoing chairman Yellen later in the day.
Policymakers are expected to keep interest rates unchanged, while maintaining stability as the world's top economies continue to expand and job growth, suggesting a gradual tightening later this year.
But there is also a lot of attention to China, where data show that manufacturing growth in the world's second-largest economy has slowed more --than-
Monthly lows due to cooling of the property market and tightening of pollution rules.
"This breakdown shows a broad softening of demand-there has been a decline in output, new orders and import indices," Julian Evans of Capital Economics --
Pritchard wrote on a note.
"The index of new export orders looks particularly weak. . .
Question the strength of foreign demand.
"As the dollar remains weak, the currency has appreciated on the day and is expected to achieve full monthly growth.
The Mexican peso is one of the best performing pesos per month.
The peso is expected to rise 5% in January, and investors are more optimistic about the outcome of the North American Free Trade Agreement negotiations. S.
The trade minister's commitment to seek a "breakthrough" by the end of February has eased concerns that Washington will soon withdraw from the tripartite agreement.
The South African rand rose for the third consecutive month, with China's yuan and Russia's rouble on track to increase by nearly 4%.
Turkish lira 0.
Despite Ankara's involvement in the aflin region in Syria in January, the latest tensions with Washington have damaged 5% of the monthly gains.
The latest data from Turkey in December showed that the country's trade deficit expanded again.
However, tourism revenue figures
One of the main sources of financing for Turkey's current account deficit --showed a 18.
With the help of five people, 9% jumps in 2017
The number of Russians visiting the country has doubled.
For a chart of emerging market FX performance 2017, see tmsmrt.
For a graph of MSCI emerging index performance 2017, see tmsmrt.