World stocks took yet more losses Tuesday, with Europe shares hitting a record low, a day after most equity markets suffered a thorough battering at the hands of investors fearful for the global financial system.

Risk-taking revived but uncertainty lingers… U.S. dollar hits 2-month low vs euro, down vs yen… Don’t let go of recession trades just yet – JPMorgan

U.S., European stocks slide after dismal jobs report… Dollar falls to 7-week low vs yen, but rises vs euro… US government debt falls in face of historic low yields… Crude prices fall to lowest level in almost four years

Emerging markets investments are soaring on the back of the ongoing global commodities boom. This morning in New York, MSCI’s benchmark Emerging Markets Index (MSCI EM) reached a fresh 2008 record of 1246.85, close to 8% below its all-time high last November.

Speaking to Thomson Reuters, Matthias Siller, an emerging markets investment strategist at Baring Asset Management said, “You can make a strong case that emerging markets are well-placed in any scenario going forward – many of them are enjoying a commodities boom and many of their companies are ridiculously cheap at current valuations.”

“As long as we’re seeing strong commodity prices, the implication is that the emerging markets are still growing. The supply constraints in commodities are here for at least…