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Emerging stocks, currencies advance on global stimulus outlook

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London - Emerging-market stocks rose toward the highest level since China’s currency devaluation last year, while volatility fell to an 11-year low on optimism that earnings are improving and central banks remain supportive of growth.

Egyptian stocks rallied the most in the world after the government said it’s nearing the final stages of talks for an International Monetary Fund loan. Turkey’s benchmark index headed for a one-week high, rising with the country’s bonds and currency on signs a political crisis is easing.

Information-technology companies got a boost from Apple’s earnings. Russian government bonds advanced for the first time in 11 days.

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