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May 9, 2014

Shrugging off tapering, falling emerging debt yields breach key level

LONDON, May 9 (Reuters) – The premium which emerging dollar
bonds hold over U.S. yields has shrunk to a level not seen since
May 2013 when the Federal Reserve flagged plans to taper its
stimulus programme and triggered a sell-off in the risky asset
class.

Now analysts and investors are wondering how far the
tightening in the premium can go. Their views are largely
related to expectations for emerging market growth – and suggest
the narrowing trend may soon run out of steam.

May 7, 2014

Legal minefield of Russia sanctions worries bond investors

LONDON, May 7 (Reuters) – Confusion over the legal
implications of sanctions on Russia and worries about further,
harsher restrictions from the West are making investors cautious
about owning bonds issued by Russian companies.

Two rounds of U.S. sanctions on Russian individuals and
companies, in March and April, have not directly affected any
companies which issue publicly traded debt. EU sanctions are
regarded as even lighter.

May 7, 2014

European shares, dollar weak ahead of Yellen testimony

LONDON (Reuters) – European shares fell and the dollar hovered above six-month lows against a basket of currencies on Wednesday on an overnight drop in U.S. tech stocks and on concerns over the deepening crisis in Ukraine.

Investors were also awaiting congressional testimony from U.S. Federal Reserve Chair Janet Yellen later in the day.

Apr 25, 2014

Investors crossing back to emerging debt from high yield

LONDON, April 25 (Reuters) – Investors are switching their
attention back to developing countries’ debt after flirting with
U.S. and European junk bonds during a year of turbulence in
emerging markets.

A long sell-off in anticipation of U.S. stimulus withdrawal
meant emerging sovereign debt posted negative returns last year
but the sector has enjoyed one of its best starts to a year in a
decade in 2014, investors say, with returns of 5 percent so far.

Apr 24, 2014

Hungarian bond yields fall, Turkish lira rises

LONDON (Reuters) – Hungarian bond yields plunged around 20 basis points on Thursday after a central bank move designed to encourage banks to buy local debt while Turkey’s lira rose anticipating no rate cut at a central bank meeting.

Hungarian domestic bond yields dropped across the curve after the central bank said that from August 1 its two-week bills will be replaced with two-week deposits which will not be accessible to foreign players.

Apr 17, 2014

Pickings for the brave in emerging markets

LONDON, April 17 (Reuters) – The brave few who waded back
into emerging markets in March reaped substantial rewards, but
investors say it is too soon to tell whether the recent bounce
will become a sustained rally.

After three years of underperformance had left them at
rock-bottom valuations, emerging markets enjoyed a surge in the
early days of the northern spring.

Apr 17, 2014

U.S. shares seen opening lower as tech giants stumble

LONDON, April 17 (Reuters) – European shares fell and U.S.
futures pointed to a weaker open on Wall Street on Thursday
after disappointing results from tech heavyweights Google and
IBM, while the dollar fell on dovish U.S. Federal Reserve
comments.

Futures prices suggested U.S. stocks will open 0.2
percent lower. Google released earnings data
after U.S. markets shut on Wednesday, showing that first-quarter
revenue fell short of Wall Street targets and that margins
narrowed.

Apr 17, 2014

European stocks dip, dollar weakens

LONDON (Reuters) – European stocks dipped on Thursday as disappointing earnings from U.S. tech heavyweights Google and IBM dampened the previous session’s upbeat tone on Wall Street, and the dollar weakened on dovish remarks from the Federal Reserve.

Google Inc fell as much as 6 percent after first-quarter revenue fell short of Wall Street targets and margins narrowed as its ads prices decline persisted.

Apr 17, 2014

Google, IBM cast shadow

LONDON (Reuters) – European stocks dipped on Thursday as disappointing earnings from U.S. tech heavyweights Google and IBM dampened the previous session’s upbeat tone on Wall Street, and the dollar weakened on dovish remarks from the Federal Reserve.

Google Inc fell as much as 6 percent after first-quarter revenue fell short of Wall Street targets and margins narrowed as its ads prices decline persisted.

Apr 16, 2014

More risk in sight as key frontier index faces re-jig

LONDON, April 16 (Reuters) – Life may be about to get even
riskier for investors in some of the world’s riskiest markets.

Investors could find it harder to use the closely watched
MSCI frontiers index to benchmark their
performance when it loses major constituents next month.

    • 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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