The decline in oil prices is having a significant impact on other markets, including bonds and foreign exchange. Reuters This month’s big fall in the price of oil should be good news for much of the world’s economy. But so far markets have been telling a different story. Oil futures were up Friday , but remain far below recent highs, with Brent crude down about 47% from its June peak of $115 a barrel. Other markets have followed suit. The MSCI Europe index has dropped 4% since early December, while the S&P 500 index remains 1% lower over the same period despite a rally Thursday after the Federal Reserve said it would be “patient” before raising interest rates next year. Emerging-market countries such as Turkey and India, which are large oil importers and so […]