Emerging-market stock allocation lowest since 2001, survey (Dow Jones): Global fund managers slashed their allocation to emerging-markets equities in December to their lowest levels since 2001, according to Merrill Lynch’s latest fund-manager survey.

Emerging-market stocks reach six-week high on Fed rate cut, oil (Bloomberg): Emerging-market stocks rose to a six- week high on speculation that near-zero interest rates in the U.S. and rising commodity prices will boost economic growth in developing nations.

Amid recession, select assets attractive, says Barclays Capital (Marketwire): Barclays Capital, the investment banking division of Barclays Bank PLC, today said in its latest quarterly research publication, “Global Outlook: Positioning for an Uncertain Recovery,” that amid the most severe global recession in decades, the risk/reward trade-off has begun to look attractive in select areas, particularly for some credit assets.