Breaking News UK: G-20 to address EM concerns on Fed tapering

SAN FRANCISCO (MarketWatch) — The Group of 20 nations will recommend that global monetary policy is clearly communicated and calibrated, according to Bloomberg News, which quoted an official from a G-20 government, who cited a draft of the communique. The push follows complaints from some emerging markets countries, including India and South Africa, that the Federal Reserve hasn’t paid enough attention to the repercussions of its decisions to reduce its bond-buying program. Expectations of the so-called tapering sent emerging markets bond yields higher and stocks and currencies lower, in June and again in January. Emerging markets investments have come back a bit in the last month. The iShares MSCI Emerging Markets Index is up 3% this month, in line with the S&P 500 . G-20 finance chiefs meet this weekend in Sydney.

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