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Jul 4, 2012

Bouncing emerging markets in thrall to euro zone

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
interdependent.

Jul 3, 2012
via Global Investing

If Greece can, why can’t I?

Photo

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.

Jun 29, 2012

Yield-rich emerging bonds enjoy first-half boom

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
debt-raising record,

They are benefit ting from investors favouring debt over
equity and developing markets over the troubled euro zone.

Jun 22, 2012

Oil, gloabal stocks pick up from lows, eye EU meeting

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.

Jun 22, 2012

European stocks fall, dollar up on data misery

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.

Jun 22, 2012

Stocks fall, dollar up on data misery

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.

Jun 20, 2012

Analysis: Greece may still become an emerging market – again

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.

Jun 1, 2012

Investors stampede to safe govt debt, stocks drop

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
outlook.

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.

Jun 1, 2012

Turmoil reigns, investors pay to hold German debt

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.

May 31, 2012

First in firing line, east Europe braces for Grexit

PRAGUE/LONDON, May 31 (Reuters) – A Greek exit from the euro
zone could thrust emerging European markets into a downward
spiral similar to that seen during the 2008 financial crisis,
when currencies lost up to a third of their value following the
collapse of Lehman Brothers.

Europe’s eastern currencies are among the world’s 10
worst-performing against the dollar this month, alongside
Syria’s pound and better only than the kwacha of Malawi, where
authorities scrapped the unit’s peg to the dollar.

    • 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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