Carolyn's Feed
Aug 29, 2014

Russian assets fall, broader stocks steady near 3-yr high

LONDON, Aug 29 (Reuters) – Military tensions and a worsening
economy put Russian dollar-denominated stocks on track on Friday
for a 4 percent loss on the month, bucking broader emerging
equities that were poised for their seventh straight month of
gains.

Russia stands accused of sending troops into Ukraine to
shore up a separatist rebellion that had appeared to be ebbing.
That has sharply escalated the five-month conflict over eastern
Ukraine and raised the spectre of fresh sanctions from the West.

Aug 28, 2014

High stakes for high reward? Real estate funds come to Africa

LONDON (Reuters) – High stakes for high return, if you can stick it out for the long term – investors are buying into a boom in sub-Saharan African real estate.

Forecasts for 20 percent net annual returns from investing in shopping malls, office blocks or industrial complexes in countries from Zambia to Kenya is drawing in new investors, despite more immediate concerns in some countries about Ebola, terrorism or political stability.

Aug 26, 2014

UBS Wealth ramps up allocation to North American stocks, cuts Europe

LONDON (Reuters) – UBS Wealth Management has added to its overweight position in North American equities and cut back on European stocks, encouraged by recent U.S. earnings and growth data, the world’s largest wealth manager said on Tuesday.

“We have continued to be overweight in equities, and this month we took down our overweight in European equities and moved that to our existing overweight in the U.S. and Canada,” Mark Haefele, global chief investment officer at UBS Wealth Management, told Reuters in an interview.

Aug 14, 2014

Russian stocks rise, C.Europe FX steady after GDP

LONDON, Aug 14 (Reuters) – Russian stocks rose on Thursday
as investors hoped for an improvement in relations between
Russia and Ukraine, while central European currencies were
steady after mixed growth data.

Russian President Vladimir Putin said in a speech in Crimea
that Russians needed to mobilise for benefit of their country,
but not for conflict with outside world.

Aug 13, 2014

Russian shares rise, emerging stocks hit 8-day high

LONDON, Aug 13 (Reuters) – Russian stocks rallied on
Wednesday as concern eased about a possible invasion of Ukraine,
helping broader emerging-market stocks to reach their highest in
more than a week.

Chances of an invasion seemed to recede after Moscow agreed
to put a humanitarian aid convoy under Red Cross auspices,
Polish Foreign Minister Radoslaw Sikorski said on Tuesday.
The comments allayed fears that Russia would use
the convoy as cover for invading Ukraine, where government
troops are closing in on pro-Russian separatists.

Aug 4, 2014

China boosts emerging stocks, Russia steadies

LONDON, Aug 4 (Reuters) – Emerging stocks recovered from
one-month lows on Monday, lifted by a rally in Chinese stocks to
their highest this year, while Russian stocks stabilised above
three-month lows.

Chinese stocks rose around 2 percent to
the year’s highs, boosted by comments about the market from the
country’s top securities regulator.

Jul 28, 2014

Russian dollar, euro corporate bonds slide on sanctions

LONDON, July 28 (Reuters) – Russian bank and company bonds
denominated in dollars and euros have slumped in value in the
past few days in anticipation of tough European Union sanctions.

The EU has already slapped sanctions such as asset freezes
and travel bans on some Russian officials, after Russia annexed
Ukraine’s Crimea region earlier this year and began supporting
separatists fighting Kiev’s forces in eastern Ukraine.

Jul 28, 2014
via Global Investing

Myanmar – investing in a far frontier

Frontier investors have been excited by the opening up of Myanmar’s market since its quasi-civilian government came to power in 2011, after nearly half a century of military rule. But investors also complain that there is very little to invest in. This one is a deep frontier – there is no real stock market, and investors have tended not to go directly into local companies.

Myanmar is seen as ripe for business expansion, given only an estimated 30 percent of the population have access to electricity, for example. And the IMF predicts growth of 8.5 percent in the country this year, one of the fastest growth rates in the world, due partly to rising gas production.

Jul 24, 2014

European stocks rise on euro zone data; sanctions hit Russia

LONDON, July 24 (Reuters) – European stocks hit 2 1/2-week
highs and the euro rallied from eight-month lows against the
dollar on Thursday after the region’s private sector expanded at
its fastest rate in three months in July.

Russian debt insurance costs rose after European Union
leaders proposed sanctions on Russian banks which are
majority-owned by the government. Those measures were proposed
after a Malaysian Airlines plane was downed over Ukraine last
week, killing 298, possibly by a missile furnished by Russia.

Jul 24, 2014

Emerging stocks near 17-month high on China PMI

LONDON (Reuters) – The euro pulled off eight-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.

    • 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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