LONDON (Reuters) – The world’s top investors kicked off the new year by cutting emerging Asian bond holdings to a 2-1/2 year low while keeping relatively high weightings in euro zone stocks, a Reuters poll showed on Friday.
The survey of 51 leading investment houses in the United States, Japan and Europe also showed investors were at their most optimistic on equities since December 2010, highlighting their confidence in the recovery led by developed economies.
RIO DE JANEIRO/LONDON (Reuters) – A sharp emerging market sell-off appeared to subside on Thursday as Latin American currencies opened higher while Russia’s rouble and Turkey’s lira rebounded after policymakers pledged to take any necessary measures to stabilize their markets.
Investors were on the watch for additional dollar outflows from developing nations but traders said recent panic selling had abated for now as markets digested the U.S. Federal Reserve’s widely expected decision to cut bond purchases by another $10 billion (6 billion pounds) on Wednesday.
LONDON, Jan 30 (Reuters) – The Russian rouble hit record
lows against the euro on Thursday and currencies in South Africa
and Hungary hit multi-year troughs in the latest wave of an
emerging market asset sell-off threatening global economic
India’s finance ministry also said the country would take
any steps necessary to ensure financial market calm.
Traders blaming fat finger on HSBC’s volatile swings
HSBC is up 10 pct, erases gains to turn flat — weird?
LONDON, Jan 30 (Reuters) – Investors on Thursday shrugged
off central bank efforts to shore up battered emerging markets,
selling stocks and bonds and further weakening tumbling
It added pressure on more countries to raise interest rates
to seek a halt to a major capital flight.