LONDON, Jan 28 (Reuters) – Turkey’s lira extended gains on
Tuesday, supported by the possibility of an aggressive interest
rate hike, while other emerging currencies and stocks rose on
growing expectations more developing countries would tighten
The benchmark MSCI emerging equity index rose half
a percent, having fallen for three straight days to hit a 4-1/2
month low on Monday, while emerging sovereign dollar bond
spreads tightened by 3 basis points.
LONDON, Jan 27 (Reuters) – Mexico is attracting foreign
investment thanks to growth-enhancing reforms, the country’s
finance minister said on Monday, adding that market volatility
would subside once investors focus on good economic
A broad emerging-market sell-off that started last week has
weighed on Mexico, where the peso sank to an 18-month low
against the dollar and the benchmark equity index touched
its lowest level since November on Friday.
Emergency Turkish c.bank meeting scheduled for tomorrow. A rate hike finally coming?
LONDON, Jan 27 (Reuters) – Emerging markets led a global
sell-off in risky assets on Monday as European stocks followed
sharp falls in Asia and safe-haven assets such as the yen and
Concerns about China’s economic slowdown and its shadow
banking sector, coupled with expectations the Federal Reserve
would scale back its bond buying further, are piling pressure on
emerging markets dependent on external financing.