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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.

Jun 2, 2014

Patchy outlook for frontier stock index as top scorers exit

LONDON, June 2 (Reuters) – A flagship index of frontier
market stocks is likely to struggle to match its previous strong
performance after the promotion of its two top scorers, Qatar
and the United Arab Emirates.

Youthful populations, high economic growth rates and an
expanding middle class have drawn investors to frontier markets
in recent years, leading them to significantly outgun emerging
and developed markets in terms of returns.

May 30, 2014

Reuters Poll – Leading investors cut cash holdings in May

LONDON (Reuters) – The world’s top investors cut cash holdings this month to their lowest since November and put money to work in risky assets, on the expectation that developed market interest rates will remain low, Reuters polls showed on Friday.

Property holdings and emerging market stocks and bonds were among beneficiaries of the hunt for yield. The European Central Bank is expected to ease monetary policy next week, and mixed U.S. economic data have pushed back forecasts for a rise in U.S. interest rates.

May 30, 2014

Leading investors cut cash holdings in May; buy emerging stocks, property -poll

LONDON, May 30 (Reuters) – The world’s top investors cut
cash holdings this month to their lowest since November and put
money to work in risky assets, on the expectation that developed
market interest rates will remain low, Reuters polls showed on
Friday.

Property holdings and emerging market stocks and bonds were
among beneficiaries of the hunt for yield. The European Central
Bank is expected to ease monetary policy next week, and mixed
U.S. economic data have pushed back forecasts for a rise in U.S.
interest rates.

May 30, 2014

European funds put cash to work in stocks, bonds -poll

LONDON, May 30 (Reuters) – European fund managers took cash
and put it into shares and bonds this month, viewing that major
central bank banks will retain loose monetary policy for some
time, a Reuters survey showed.

Fund managers in the poll, released on Friday, slashed cash
levels to their lowest in 10 months in May and lifted equity
holdings to their highest since January. They also increased
their bond positions from April.

May 30, 2014

European funds put cash to work in stocks, bonds

LONDON (Reuters) – European fund managers took cash and put it into shares and bonds this month, viewing that major central bank banks will retain loose monetary policy for some time, a Reuters survey showed.

Fund managers in the poll, released on Friday, slashed cash levels to their lowest in 10 months in May and lifted equity holdings to their highest since January. They also increased their bond positions from April.

May 30, 2014

Leading investors cut cash holdings in May; buy emerging stocks, property

LONDON (Reuters) – The world’s top investors cut cash holdings this month to their lowest since November and put money to work in risky assets, on the expectation that developed market interest rates will remain low, Reuters polls showed on Friday.

Property holdings and emerging market stocks and bonds were among beneficiaries of the hunt for yield. The European Central Bank is expected to ease monetary policy next week, and mixed U.S. economic data have pushed back forecasts for a rise in U.S. interest rates.

May 29, 2014

Bondholders reject Kazakh Alliance Bank’s debt restructuring offer

LONDON, May 29 (Reuters) – Kazakhstan’s Alliance Bank,
majority owned by the country’s sovereign wealth fund, said on
Thursday that talks with creditors had broken down on what would
be its second debt restructuring in four years.

The bank defaulted on debt in the aftermath of the global
financial crisis and restructured debt in 2010 but late last
year said it needed to recapitalise to restore profitability.

    • 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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