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Sep 19, 2013

Lira, rupee lead emerging market rally as Fed grants reprieve

LONDON (Reuters) – Turkey’s lira and India’s rupee rose 2 percent on Thursday and their stock markets surged as the Federal Reserve’s surprise decision to sustain its monetary stimulus granted a lifeline to embattled emerging markets.

The BRICS – Brazil, Russia, India, China and South Africa – and other emerging countries have complained in the past few months that the threat of the Fed running down the amount of new cash it is pumping into the economy each month is hurting their economies.

Sep 11, 2013

Chilean peso may fall further after Fed tapering-minister

Sept 11 (Reuters) – The Chilean peso’s 6 percent fall this
year is a healthy correction from its strong path in 2012 and it
may weaken further once the U.S. Fed cuts back monetary
stimulus, Chile’s finance minister said on Wednesday.

Many emerging economies have been concerned about a sharp
fall in their currencies in the past few months, on expectations
the U.S. Federal Reserve will scale back a bond-buying programme
which has driven demand for riskier assets.

Sep 9, 2013

Frontier borrowers re-enter debt markets to beat Fed

LONDON, Sept 9 (Reuters) – The world’s less developed states
are reappearing in international debt markets, putting up with
slightly higher borrowing costs in a race to beat a growing
aversion to risk that could shut them out for some time.

The uptick in yields may, however, make local corporate
borrowers reluctant to tap the markets, even where their
governments have set a benchmark with a sovereign deal.

Sep 6, 2013

Stocks eye positive week before payrolls, Poland shaky

LONDON, Sept 6 (Reuters) – Emerging stocks rose on Friday,
heading for weekly gains of 2 percent as markets adjusted to the
idea of a withdrawal of U.S. monetary stimulus, though Polish
stocks were on track for steep losses on concern over a pensions

A reduction in the Federal Reserve’s money-printing
programme is regarded as negative for flows to riskier assets.
But emerging markets have largely priced in the start of
tapering after the Fed’s mid-September meeting, analysts say.

Sep 3, 2013

Nigeria central bank to buck pressure to devalue naira

LAGOS/LONDON, Sept 3 (Reuters) – Nigeria’s central bank will
resist pressure to devalue the naira since it retains
ample funds to defend the currency, a central bank spokesman
said, and its governor is expected to stay the course until his
term is up in 10 months.

Nigeria’s naira has fallen in recent months, trading outside
the central bank’s target band of 150-160 naira to the U.S.
dollar since June, initially due to foreign investors booking
profits on their naira assets, and on importers buying dollars.

Aug 30, 2013

European funds bring money home to euro zone stocks, bonds – Reuters poll

LONDON (Reuters) – European fund managers showed an increasing home bias this month, allocating their highest weighting to euro zone equities in 18 months as economic data indicated signs of recovery in the bloc.

Fund managers also matched last month’s level of allocations to euro zone bonds, which were the highest since March 2012, a monthly Reuters asset allocation poll showed.

Aug 30, 2013

Global investors boost euro zone assets, cut Asia stocks: Reuters poll

LONDON (Reuters) – Global investors lifted their holdings of euro zone assets to the highest in more than a year this month while trimming exposure to Asian equities during a rout of emerging market assets, Reuters polls showed.

Fund managers are growing more optimistic about the euro zone’s recovery from recession and its debt crisis, reinforced by Germany – the bloc’s largest economy – enjoying its fastest rate of expansion in more than a year in the second quarter.

Aug 29, 2013

Rupee, lira bounce back as concern about immediate Syria attack recedes

LONDON (Reuters) – The Indian rupee and the Turkish lira bounced from this week’s record lows on Thursday as concern receded about any immediate U.S.-led military strike on Syria.

The Israeli shekel also recovering from three-month lows.

Energy-importing emerging markets have suffered as oil jumped sharply this week on worries about the military action, and Israeli markets fell as Israel strengthened missile defences against a possible retaliatory attack by Syria.

Aug 15, 2013

Fridges, fudge and forecasts: investors pick out emerging stock themes

LONDON, Aug 15 (Reuters) – How do you work out what kind of
foods people in developing countries will be eating in a few
years’ time? Go round to their richer neighbours and look in the

Fund managers AllianceBernstein are taking a leaf out of the
multinationals’ books and doing on-the-ground research to pick
consumer trends such as in basic and luxury food items.

Aug 8, 2013

Investors undeterred by Middle East and North Africa crises

LONDON (Reuters) – Looking beyond the problems of a region beset by regime change in Egypt, a security crisis in Yemen and civil war in Syria, international investors are seeking out well-run businesses in Middle Eastern and even some North African stock markets.

The Middle East and North Africa (MENA) region is a diverse investment universe which includes both energy importers and exporters, and surplus and deficit economies, but enjoys cross-border trade, investment and even aid links.

    • About Carolyn

      "I have worked at Reuters for more than 20 years but I switched in Sept 2014 to a new beat - insurance and fund management. I write about things like insurance deals, fund trends, geopolitical risks insured by Lloyd's and I'm grappling with understanding company accounts. In my vanishingly small spare time, I hope to contribute more to Reuters entertainment file."
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