LONDON, May 19 (Reuters) – Emerging stocks traded just off
recent 6-1/2 month highs on Monday, held back by a 1.4 percent
fall in China but buoyant sentiment lifted most bourses and
currencies to multi-month peaks.
While Indian stocks rose 1 percent they kept off recent
record highs. Russian markets hit levels unseen since March 3,
when parliament approved President Vladimir Putin’s right to
intervene militarily in Ukraine.
LONDON, May 16 (Reuters) – Egypt could tap global bond
markets after presidential elections due May 26-27, but should
the country be in dire need, it could seek aid from its wealthy
Gulf neighbours, finance minister Hany Kadiri Dimian said on
Political turmoil following the uprising that toppled
autocrat Hosni Mubarak in 2011 has hammered the economy of 85
million people as foreign investors and tourists have fled.
LONDON/MUMBAI May 15 (Reuters) – With emerging equity funds
positioned for a business-friendly outcome to India’s election,
any further boost for the pumped-up stock market may come from
global funds whose India allocation still has room to grow.
Election results due on Friday are expected to reveal a
strong mandate for the opposition BJP, seen as more pro-business
than its rivals. Those expectations have fuelled year-to-date
stock market gains of 14 percent and a 4 percent rise in the
rupee’s exchange rate against the dollar.
ISTANBUL/LONDON May 14 (Reuters) – Turkey’s shrinking
current account deficit, its improved policy credibility and an
all-out hunt for yield are steadily pushing the lira, one of
last year’s emerging-market laggards, towards the key 2 per
The lira appreciation is likely to be short-lived. Turkey
still relies on external funding; political unrest could yet
erupt during upcoming elections. But for the time being, global
and domestic factors are working in its favour.
LONDON, May 13 (Reuters) – Indian equities climbed 2 percent
on Tuesday, leading emerging markets to one-month highs. Wall
Street’s strong showing the day before session also boosted
Emerging markets have in recent weeks largely shrugged off
escalating tensions in Russia and Ukraine and lacklustre Chinese
data. Investors have focussed instead on signs of economic
growth, stable U.S. Treasury yields and strong U.S. corporate
LONDON, May 9 (Reuters) – South African bond yields fell to
six-month lows on Friday and the rand held near 4-1/2-month
highs as markets cheered the outcome of this week’s vote while
election optimism also drove Indian stocks almost 3 percent
Broader emerging equities were flat, however, after touching
two-week highs in the previous session, weighed down by weakness
in China, though MSCI’s main emerging markets index
was heading for its second straight week of gains.
LONDON, May 8 (Reuters) – Emerging market investors are
dumping once-hot rouble bonds due to the threat of tougher
sanctions hanging over Russia, shifting funds to the likes of
South Africa, Hungary and Turkey which only recently had been
Seemingly conciliatory comments from President Vladimir
Putin on the Ukraine crisis have soothed markets this week. But
fears remain that the West – which has so far targeted only a
small number of Russian individuals and firms – will impose
harsher sanctions, including on the financial sector.
LONDON (Reuters) – World stocks steadied above 10-day lows on Monday, with investors holding back from making aggressive bets as tensions between Russia and the West over Ukraine showed no sign of easing.
MSCI’s world equity index .MIWD00000PUS was flat after falling 0.7 percent on Friday.
LONDON, April 28 (Reuters) – World stocks held just off
10-day lows on Monday, pressured by tensions between Russia and
the West over Ukraine, although European markets were buoyed by
a 15 percent jump in takeover target AstraZeneca.
Markets, especially in Asia, also took a hit from signals
that Chinese authorities are not likely to support the economy
with more stimulus, but the main impetus was coming from
developments in Ukraine.
LONDON date (Reuters) – World stocks held just off 10-day lows on Monday, pressured by tensions between Russia and the West over Ukraine, although European markets were buoyed by a 15 percent jump in takeover target AstraZeneca.
Markets, especially in Asia, also took a hit from signals that Chinese authorities are not likely to support the economy with more stimulus, but the main impetus was coming from developments in Ukraine.