LONDON (Reuters) – Investors are criss-crossing the increasingly smudged line between emerging and developed markets as the euro zone crisis challenges traditional perceptions of a safe investment.
This blurring of distinctions was illustrated last month by index compiler MSCI’s surprise decision to review Greece’s stock market for downgrade to emerging market status, usually assigned to poorer countries offering lower liquidity and less open access to trade.
LONDON, July 4 (Reuters) – Risky emerging stock markets have
had a storming rally in the past month on a more upbeat view of
the world’s prospects, though their fate remains inextricably
linked to that of the euro zone.
The growth outlook for China – the export destination for
emerging commodity producers like Brazil and Russia – and the
impact on the oil price of tensions over Iran are also major
risks as emerging and developed economies become more
We all know that Greece finally persuaded bondholders to swap their debt for new bonds this year, averting a messy default.
But Greece is not the only country to keep investors biting their nails in 2012 over the value of their holdings – frontier market sovereign borrowers have also been tinkering with their debt payments.
LONDON, June 28 (Reuters) – Emerging market borrowers have
already met most of their 2012 external fundraising targets half
way through the year and are on course for an annual
They are benefit ting from investors favouring debt over
equity and developing markets over the troubled euro zone.
LONDON (Reuters) – Oil bounced from 18-month lows and U.S. stock index futures pointed to a higher open on Friday as investors looked to possible crisis resolution at upcoming meetings of European leaders rather than at weak data.
European stocks were down 0.4 percent after German business sentiment fell for a second straight month in June to its lowest level in more than two years, according to the Ifo think tank, adding to poor economic numbers this week from the United States, China and Europe.
LONDON (Reuters) – Oil briefly traded at its lowest in 18 months and European stocks fell on Friday, while the safe-haven dollar rose as weak German and U.S. data and a downgrade to some of the world’s major banks unnerved investors.
European stocks .FTEU3 dropped nearly 1 percent after data showing German business sentiment fell for a second straight month in June to its lowest level in over two years, according to the Ifo think tank.
LONDON, June 22 (Reuters) – Oil briefly traded at its lowest
in 18 months and European stocks fell on Friday, while the
safe-haven dollar rose as weak German and U.S. data and a
downgrade to some of the world’s major banks unnerved investors.
European stocks dropped nearly 1 percent after
data showing German business sentiment fell for a second
straight month in June to its lowest level in over two years,
according to the Ifo think tank.
LONDON (Reuters) – Greece is still at risk over the long term of becoming the first economy to be relegated from developed to emerging market status within investment indices, even if it has fended off any immediate exit from the euro zone.
The unprecedented switch, reversing a path Greece trod only 11 years ago, would cut the country off from investors in more sophisticated markets although it would open it up to fund managers who are more comfortable with risk.
LONDON, June 1 (Reuters) – U.S. Treasury yields hit their
lowest in hundreds of years and world stocks dropped towards
2012 lows on Friday, as investors scrambled for lifelines on
worries about Spain’s parlous finances and China’s growth
U.S. stock futures pointed to a sharply lower open, with
futures for the S&P 500, Dow Jones and Nasdaq 100
down between 0.8 and 1.2 percent.
LONDON (Reuters) – World stocks dipped anew on Friday after suffering their largest monthly fall for eight months in May and safe-haven government debt yields dropped to record lows on worries about the Chinese economy and Spain’s parlous finances.
With the euro zone debt signals flashing red again, record after record has tumbled across asset classes as investors scramble to find security for their cash.