Karin's Feed
Aug 4, 2015

Lower dollar, higher oil lift currencies

LONDON, Aug 4 (Reuters) – Emerging market currencies
strengthened on Monday, getting help from a weaker dollar. A
small bounce in oil prices boosted the Russian rouble.

The rouble rose 1 percent off five-month lows against the
dollar as oil prices rose a similar amount after a 5 percent
drop on Tuesday.

Aug 3, 2015

China’s woes spread; lower oil, bad data batter rouble

LONDON, Aug 3 (Reuters) – Emerging market assets extended
losses on Monday as the rouble fell to 4 1/2-month lows and led
currencies lower. Stocks dropped 1 percent after Chinese data
confirmed a slowdown in the world’s second-biggest economy.

A survey showed China’s factory activity declined more than
first estimated in July, dampening hopes the economy was
stabilising. A central bank official said on Sunday pressure
would persist for the rest of the year as infrastructure
spending and exports stalled. .

Jul 31, 2015

European investors warming to euro assets, still holding cash – Reuters poll

LONDON (Reuters) – European investors, jittery over China’s economic health and reverberations of the euro zone crisis, kept cash allocations near three year highs but lifted exposure to European assets as immediate concerns over the Greek crisis subsided.

A monthly survey of 21 European investment managers found holdings of safe-haven cash in portfolios stood at 10.1 percent in June. That was within sight of last month’s 11.1 percent allocation, the highest since July 2012 when the intensifying euro debt crisis prompted European Central Bank chief Mario Draghi’s pledge to do “whatever it takes” to save the euro.

Jul 28, 2015

Falling China stocks, oil unnerve emerging assets

LONDON, July 28 (Reuters) – Emerging stocks languished near
a two-year low on Tuesday after Chinese shares took another
beating while currencies, mired around multi-year lows, were
pulled in different directions by the rising dollar and falling
oil prices.

MSCI’s emerging market stock index was flat after
Chinese shares closed down 1.7 percent with Beijing
scrambling again to prop up markets whose wild fluctuations have
heightened fears over China’s financial stability.

Jul 27, 2015

New rout in Chinese stocks depresses emerging assets

LONDON, July 27 (Reuters) – Mainland Chinese shares tumbled
more than 8 percent on Monday for their biggest one-day loss
since February 2007, rekindling fears of a market crash and
sending broader emerging market assets sharply lower.

MSCI’s emerging market index fell 1.8 percent -
its fourth straight session in the red – with markets across
Asia stumbling on concerns over China’s economic health and
profit-taking off a government-triggered rebound in Chinese
assets.

Jul 22, 2015

African bond rush goes on despite risks to borrowers, investors

LONDON, July 22 (Reuters) – Sub-Saharan Africa’s hard
currency borrowing bonanza shows no sign of slowing down from
last year’s record, despite some concern that rising debt levels
in some countries could spell trouble in future.

Governments across the continent have rushed in recent years
to take advantage of rock-bottom global borrowing costs and
investors’ hunger for yield, with issuance of hard currency debt
rising from $67 million in 2008 to more than $8 billion last
year, according to Thomson Reuters data.

Jul 22, 2015

Emerging stocks hit 9-day low, rand falls

LONDON, July 22 (Reuters) – Emerging market shares waned to
a nine-day low on Wednesday following falls on Wall Street and
in China, while many currencies also weakened, led by South
Africa’s rand and the Turkish lira.

MSCI’s broadest emerging market index slipped 0.7
percent after results from bellwethers Apple, IBM and United
Technologies dragged down markets in the U.S. and around the
globe, with some stocks in China also closing lower
.

Jul 20, 2015

Dollar weighs on emerging stocks, currencies

LONDON, July 20 (Reuters) – Emerging market stocks fell on
Monday with some currencies weakening, weighed down by solid
U.S. data fueling a dollar rise and expectations for a Federal
Reserve interest rate hike in the months to come.

MSCI’s broadest index of stocks across emerging markets
slipped 0.6 percent with bourses in Turkey
and India chalking up losses though shares in mainland
China ended the session as much as 0.9 percent higher after the
country’s securities regulator reaffirmed its support for the
market .

Jul 20, 2015

Foreign investors try to tap into Iran

LONDON/NEW YORK, July 20 (Reuters) – A few investors are
racing to establish funds for Iran following last week’s nuclear
deal with world powers, and many others are tapping into
multinationals already present in the $400 billion economy.

The agreement has made some seek a foothold in Tehran’s $100
billion stock market even before sanctions are lifted, although
others are taking a more cautious approach.

Jul 18, 2015

China must learn lessons from stock market rout: vice finance minister

LONDON (Reuters) – China must learn lessons from its stock market rout, the country’s vice finance minister said on Saturday, signaling his intent to focus on supervision and the development of new frameworks to make it possible to weather any future market turbulence.

China’s stock market plunged by nearly a third at one stage earlier this month from a mid-June peak, wiping around $4 trillion from share values as investors were spooked by speculation that China’s central bank was about to end its monetary policy easing.