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.
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.
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.
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.
LONDON, June 17 (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
LONDON, June 17 (Reuters) – Investors are returning to the
riskier, less developed bond markets of Africa and other
frontier economies, burying memories of past setbacks and
plunging in after global yields failed to rise as much as
Ignoring attacks by Somali-linked Islamic militants in a
Kenyan coastal town which killed at least 50 people, they
flocked to the country’s debut dollar bond this week,
LONDON, June 16 (Reuters) – Polish assets fell on Monday
amid calls for the resignation of the head of the Polish central
bank, while conflict in Iraq and Ukraine put pressure on assets
in Turkey, Ukraine and Russia.
A Polish magazine said on Saturday it had a recording of a
conversation in a restaurant last year in which, it said, Polish
central bank governor Marek Belka told a minister he would be
willing to help the government out of its economic troubles if
the finance minister was fired. He also used an expletive to
describe the bank’s Monetary Policy Council, which sets rates.
LONDON, June 13 (Reuters) – Turkish markets fell on Friday
on the escalating violence in neighbouring Iraq, while the rand
weakened following an outlook downgrade for South Africa.
Sunni Islamist militants gained more ground in Iraq
overnight, moving into two towns in the eastern province of
Diyala, while U.S. President Barack Obama considered military
strikes to halt their advance towards the capital Baghdad.
LONDON, June 6 (Reuters) – Emerging European currencies
hovered near their ECB-driven highs on Friday as investors
switched attention to U.S. employment data, along with D-Day
meetings of world leaders for signs of a thaw in relations
between Russia and Ukraine.
Monetary easing by the European Central Bank on Thursday,
including the cutting of deposit rates to negative levels and a
plan to boost bank lending, boosted higher-yielding emerging
European currencies and other emerging market assets.
LONDON, June 2 (Reuters) – A flagship index of frontier
market stocks is likely to struggle to match its previous strong
performance after the promotion of its two top scorers, Qatar
and the United Arab Emirates.
Youthful populations, high economic growth rates and an
expanding middle class have drawn investors to frontier markets
in recent years, leading them to significantly outgun emerging
and developed markets in terms of returns.