LONDON (Reuters) – The euro pulled off 8-month lows against the dollar on Thursday after the bloc’s private sector expanded at its fastest rate in three months in July, and emerging equities hovered near 17-month highs after strong Chinese data.
European stocks edged up too after digesting Markit’s Composite Purchasing Managers’ Index (PMI) of companies across the euro zone and a good early indicator of overall growth. The overall index rose to 54.0 in July from 52.8, its highest since April. Any number above 50 indicates expansion.
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.
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.
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
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
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
Central European markets came under pressure from weaker
than expected manufacturing data.
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.
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]
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.