Carolyn's Feed
Jul 21, 2014

Ebola outbreak not hurting investment in Sierra Leone: foreign minister

LONDON (Reuters) – The Ebola outbreak has not hurt foreign investment in Sierra Leone but will inevitably require more spending to fight it, the country’s foreign minister said on Monday.

Sierra Leone is among a group of West African countries suffering the worst-ever outbreak of Ebola, accounting for close to a third of the more than 600 deaths across the region since February, according to World Health Organization figures.

Jul 16, 2014

Upgrade or no upgrade, UAE and Qatar keep frontier investor fanbase

LONDON, July 16 (Reuters) – Despite their recent upgrade to
the more mainstream emerging market league, United Arab Emirates
and Qatar are considered risky enough by many investors that
they still treat them like frontier markets.

Erratic price moves, difficulties of accessing the market,
and deep political risks, alongside strong growth, are common
characteristics of frontier markets, which are less developed
emerging markets, and the two Middle Eastern countries still
tick those boxes for many.

Jul 6, 2014

Chinese assets warm, not hot for Western investors

LONDON, July 6 (Reuters) – A flurry of initiatives by China
to open up its currency, stock and bond markets inside and
outside the country has failed so far to allay international
investor concerns about performance, accessibility and
liquidity.

China has been working increasingly rapidly to liberalise
its capital markets, with the eventual aim of making its
currency fully convertible, giving it a larger role in the
global economy.

Jul 1, 2014

Rouble falls on Ukraine, Dubai stocks bounce from 5-month low

LONDON, July 1 (Reuters) – The rouble fell nearly 1 percent
to its lowest in a week and Russian stocks dropped on Tuesday
after a ceasefire ended in Ukraine, while Dubai stocks bounced
from five-month lows as investors stepped in to buy cheaper
stocks.

Central European markets came under pressure from weaker
than expected manufacturing data.

Jun 30, 2014

Poll-European funds’ equity holdings highest since March 2011

LONDON (Reuters) – European fund managers made their highest allocation to equities this month since March 2011, cutting cash positions in a risk-seeking environment, a Reuters survey showed on Monday.

Fund managers in the poll put 48.3 percent of their global assets in equities in June, well above the long-term average of 46 percent and compared with 48.1 percent in May.

Jun 26, 2014

Stocks rally, zloty firm on Polish confidence vote

LONDON (Reuters) – Emerging stocks rose on Thursday, boosted by gains in Chinese shares following strong initial public offerings, while the zloty hit a one-week high after Poland’s prime minister won a confidence vote in parliament.

Chinese stocks rose 0.7 percent, helped by the central bank’s move to allow more liquidity in the market and the debut of the first three listings in more than four months. [.SSEC]

Jun 25, 2014

Stocks fall on Iraqi violence; Gulf markets stabilise

LONDON, June 25 (Reuters) – Emerging markets came under
pressure on Wednesday as conflict in Iraq kept oil prices near
their nine-month highs, but stock markets in the Gulf stabilised
as construction firm Arabtec slowed a three-day slump.

Markets have gained confidence that the U.S. Federal Reserve
will not start raising interest rates before mid-2015. But they
are being spooked by high oil prices and the prospect of Western
air strikes on Iraq, where militants are fighting government
forces less than 100 km (60 miles) from Baghdad.

Jun 19, 2014

Iraq bondholders eye default risk as conflict escalates

LONDON, June 19 (Reuters) – Escalating conflict in Iraq is
making holders of the country’s international debt nervous about
whether they will get repaid.

The size of Iraq’s dollar debt is relatively small – a $2.7
billion bond launched in 2006 in a restructuring of Saddam
Hussein-era commercial debt.

Jun 18, 2014

Upbeat investors pick equities, property, shun bonds

LONDON (Reuters) – Global investors pumped up their holdings of equities and real estate in June and cut back on bonds, reflecting their more enthusiastic outlook for the world’s economy, a closely watched survey showed on Tuesday.

But investors also fretted that equities may be overvalued and that euro zone periphery debt and U.S. high-yield bonds were crowded trades.

Jun 18, 2014

Stocks hit 12-day lows; Fed, Argentina in focus

LONDON (Reuters) – Emerging stocks fell to a 12-day low on Wednesday on concerns the U.S. Federal Reserve could strike a more hawkish tone later in the day, dampening interest in emerging market assets, while Argentinian debt insurance costs rose on default worries.

A stronger-than-expected reading for U.S. inflation on Tuesday raised expectations that the Fed could consider bringing forward the timing of an interest rate hike.

    • About Carolyn

      "I work in London as part of the Reuters investment strategy editorial team, specialising in emerging and frontier markets. I cover emerging bond, stock and FX markets as well as global market themes, and interview emerging market policy-makers when they attend events in London. I started at Reuters in 1993, writing about foreign exchange, government bonds and Eurobonds before switching to emerging markets."
    • Follow Carolyn