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Nov 27, 2013

Foreign flows to North Africa evaporate on shocks at home and abroad

LONDON, Nov 27 (Reuters) – Investment in North African
markets by international funds has evaporated as shocks in and
outside the region have prevented hoped-for economic progress
since “Arab Spring” uprisings swept many of the countries nearly
three years ago.

Morocco, which has avoided the worst of its neighbours’
turmoil, became the latest casualty on Wednesday when it was
relegated in the leading MSCI indices from the league of
established emerging markets to the “frontier” division of
economies with less developed capital markets.

Nov 21, 2013

Barings sees 5-10 pct global equity correction as buy signal

LONDON, Nov 21 (Reuters) – Baring Asset Management has
switched to neutral from overweight on European and U.S.
equities but remains bullish in the longer term, and would see a
5-10 percent pullback as a buying opportunity, its chief
investment officer said.

Japan is the UK fund house’s favourite stock market for now.

Rallies in global stocks, especially in the United States
and Europe, have started to outstrip earnings growth, a warning
sign that a price correction may be coming, Marino Valensise
told the Reuters Global Investment Outlook Summit on Thursday.

Nov 20, 2013

Peripheral euro zone debt still has value -Carmignac

LONDON, Nov 20 (Reuters) – Carmignac Gestion still finds
value in peripheral euro zone bonds in Italy, Spain and Ireland,
particularly at the longer end of the yield curve, a member of
the French fund’s investment committee said on Wednesday.

Japanese stocks are also appealing, with the market’s
storming rally this year lagging corporate performance, Didier
Saint-Georges told the Reuters Global Investment Outlook Summit.

Nov 19, 2013

Lithuania will meet deficit target for euro entry: finmin

LONDON (Reuters) – Lithuania’s budget deficit will be higher than originally forecast this year, but it still expects to meet the criterion for joining the euro zone, the country’s finance minister said on Tuesday.

Lithuania hopes to join the euro in 2015, and to qualify its deficit must not exceed 3 percent of gross domestic product. The deficit should come in just below that, Rimantas Sadzius said in interviews with Reuters Insider television and Reuters.

Nov 13, 2013

Fed taper talk sends emerging stocks to 2-month lows, hits vulnerable currencies

LONDON, Nov 13 (Reuters) – Emerging stocks dropped more than
1 percent to two-month lows and currencies fell on Wednesday on
renewed speculation of a withdrawal of risk-supporting U.S.
monetary stimulus.

The Indian rupee hit two-month lows before suspected
central bank intervention, and the Indonesian rupiah hit
4-1/2 year lows.

Nov 12, 2013

Britain considering London yuan clearing bank-minister

LONDON, Nov 12 (Reuters) – Britain is considering setting up
a London-based clearing bank for the offshore yuan market to
improve liquidity, a government minister said on Tuesday.

Finance minister George Osborne has been leading a drive to
develop London as an offshore trading centre for the yuan, and
last month eased the rules for Chinese banks to set up in
Britain.

Nov 11, 2013

EBRD cuts forecasts for Central European, North African economies

LONDON (Reuters) – The European Bank for Reconstruction and Development cut its growth forecasts for central and eastern Europe and North Africa on Monday, citing weak demand for their exports and unfinished reforms.

Deflationary pressures were also coming from the euro zone, but internal risks of deflation were limited, the bank’s chief economist said.

Nov 6, 2013

Analysis: Cracks start to show in frontier markets

LONDON (Reuters) – Three years ago, a trip to the Southern Kenya production facilities of Canadian company Africa Oil attracted only seven potential investors. Two months ago, 60 boarded the flight.

The investor trip, described by sales staff at Citi following a recent client conference, is just one illustration of the swelling interest in the most esoteric frontier markets.

Nov 6, 2013

Cracks start to show in frontier markets

LONDON, Nov 6 (Reuters) – Three years ago, a trip to the
Southern Kenya production facilities of Canadian company Africa
Oil attracted only seven potential investors. Two months
ago, 60 boarded the flight.

The investor trip, described by sales staff at Citi
following a recent client conference, is just one illustration
of the swelling interest in the most esoteric frontier markets.

Nov 4, 2013

Pension transfer to state will go ahead – Polish finance minister

LONDON (Reuters) – Poland’s transfer of privately-run pensions to the state will go ahead early next year, despite a legal opinion that the move could be unconstitutional, finance minister Jacek Rostowski told Reuters on Monday.

Rostowski, who is also deputy prime minister, said in an interview that the economy would grow by around 1.5 percent this year and 2.5 percent next year, helped by a recovery in the euro zone.

    • 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."
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