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Jun 26, 2014

Stocks rally, zloty firm on Polish confidence vote

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]

Jun 25, 2014

Stocks fall on Iraqi violence; Gulf markets stabilise

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.

Jun 19, 2014

Iraq bondholders eye default risk as conflict escalates

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.

Jun 18, 2014

Upbeat investors pick equities, property, shun bonds

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.

Jun 18, 2014

Stocks hit 12-day lows; Fed, Argentina in focus

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.

Jun 17, 2014

Upbeat investors pick equities, property, shun bonds -survey

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
crowded trades.

Jun 17, 2014

Low global yields, short memories propel frontier debt revival

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
expected.

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,

Jun 16, 2014

Belka tape hits Polish assets, Iraq, Ukraine weigh

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.

Jun 13, 2014

Turkish assets fall on Iraq violence, rand weakens

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.

Jun 6, 2014

Emerging Europe FX near post-ECB highs, U.S. jobs in focus

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.

    • 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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