Investment strategy Correspondent
Sujata's Feed
Jul 15, 2015

Czech crown nears exchange rate cap

LONDON, July 15 (Reuters) – The Czech crown hit new 20-month
highs on Wednesday, heading to test the official 27-per-euro
exchange rate threshold, while other emerging markets from
Chinese shares to the Russian rouble were broadly weaker.

With Greece’s parliament set to vote on austerity measures
required to secure bailout funds, a fresh slide in Chinese
equities and an upcoming testimony by U.S. Federal Reserve chair
Janet Yellen, sentiment was subdued.

Jul 14, 2015

Russian, Indian reserves rise in Q2

LONDON, July 14 (Reuters) – Russian hard currency reserves
posted their first quarterly increase since 2013 in the
March-June period, while Indian reserves hit record highs.

Russian reserves have fallen more than $110 billion since
last June due to authorities’ defence of the rouble in late
2014, but since May the central bank has been purchasing hard
currency, helping reserves rise to $362 billion by end-June,
the following graphic shows: link.reuters.com/huf76v

Jul 14, 2015

China, emerging stocks back in red; Iran deal hits Russia, Saudi

LONDON, July 14 (Reuters) – Chinese stocks fell back into
the red on Tuesday after three days of gains, dragging broader
emerging stocks lower while Iran’s nuclear deal with world
powers sent oil prices tumbling, taking a toll on Russian stocks
and currency.

Overall, emerging assets, including in eastern Europe fell
as knee-jerk gains fueled by a deal for Greece faded and the
focus shifted on a deal between Tehran and six world powers that
could see more Iranian crude return to world markets.

Jul 13, 2015

Russia, China drive emerging equity fund gains in first half

By Sujata Rao

LONDON(Reuters) – Mutual funds investing in Russia and China were the top emerging equity performers in the first half of 2015, though a shakeout in Shanghai and weaker oil prices may erode those gains in coming months.

Funds specializing in eastern and central Europe topped the list, based on data compiled by Lipper, a fund ratings, ranking and information company belonging to Thomson Reuters. The data relates to funds sold in Britain.

Jul 13, 2015

Russia, China drive emerging equity fund gains in H1

By Sujata Rao

LONDON, July 13(Reuters) – Mutual funds investing in Russia
and China were the top emerging equity performers in the first
half of 2015, though a shakeout in Shanghai and weaker oil
prices may erode those gains in coming months.

Funds specialising in eastern and central Europe topped the
list, based on data compiled by Lipper, a fund ratings, ranking
and information company belonging to Thomson Reuters. The data
relates to funds sold in Britain.

Jul 13, 2015

Greece deal, China share gains lift emerging markets

LONDON, July 13 (Reuters) – A bailout deal for Greece and
Chinese shares’ bounce to two-week highs helped lift emerging
stocks by 1 percent on Monday, with the sharpest gains seen in
eastern Europe.

Euro zone leaders agreed on a roadmap to a possible third
bailout for Greece after night-long haggling, sparking gains on
equity and peripheral bond markets, even though the deal hinges
on Athens enacting key reforms this week.

Jul 10, 2015

China, Greece relief lifts Eastern European markets

LONDON, July 10 (Reuters) – Hopes of a cash-for-reforms deal
for Greece boosted Eastern European stocks and currencies on
Friday, while a Chinese market recovery helped to lift the main
emerging market equity index further off recent two-year lows.

Greek Prime Minister Alexis Tsipras has offered last-minute
concessions to try to save his country from bankruptcy, and
parliament in Athens is expected to vote on them. Creditors have
yet to comment on the plan, but markers have rallied.

Jul 9, 2015

China stock bounce lifts emerging equity index off 2-year low

LONDON, July 9 (Reuters) – A bounce in mainland Chinese
shares on Thursday lifted emerging equities off two-year lows,
while currencies also got some respite, including the yuan which
steadied slightly after days of volatility.

The Shanghai index rose 6 percent, its biggest
percentage gain in six years, as new government support measures
curbed selling. Shenzen shares jumped 6.4 percent and
Hong Kong rose 4.6 percent.

Jul 8, 2015

Shanghai rout takes EM index back to red for 2015

LONDON, July 8 (Reuters) – Contagion from China’s equity
rout engulfed emerging markets on Wednesday, particularly in
Asia, hitting currencies and driving the main emerging equity
benchmark into the red for the year.

Also weighing on European emerging markets was the threat of
a Greek euro exit, with a possible collapse of Greece’s banks
seen taking a toll on Balkan and other regional economies.

Jul 7, 2015

Index providers MSCI, FTSE seek feedback on Greek bourse closure, capital curbs

LONDON (Reuters) – Index provider MSCI on Tuesday asked for client feedback on whether it should follow its usual practice of waiting 40 days before taking action on Greece’s stock market closure or if different treatment is justified.

MSCI’s indexes provide a benchmark for more $7 trillion of investments globally, including over $1.7 trillion of emerging market investments. The company has said it may eject Greek stocks from these categories and relegate it to “standalone” status if capital controls imposed last week are prolonged.