Emerging equities rose 1 percent on Friday for a second straight week of gains and currencies firmed as expectations of a long period of rock-bottom global borrowing costs lured bulls back to high-yield assets. MSCI's emerging equity index tracked world stocks higher after the European Central Bank cut rates further and unveiled steps to boost bank lending. It benefited also from oil prices setting new three-month highs and predictions of more rate cuts in Japan soon. Emerging equity funds took in $2.3 billion in the past week, the biggest inflow since September 2014, while bond funds received $863 million, banks ... (full story)