LONDON, Feb 23 (Reuters) – Russian and Ukrainian sovereign
bonds sold off heavily on Monday, with the latter now trading
around 40 cents in the dollar as continued fighting in eastern
Ukraine raised fears for both credits.
The violence, and sanctions imposed for Russia’s role in it,
have exacerbated economic problems caused by falling oil prices,
with Moody’s cutting Russia’s rating to junk late on Friday.
LONDON, Feb 20 (Reuters) – European share markets hovered
near seven-year highs on Friday as investors grew more confident
that euro zone finance ministers would reach a deal that would
allow Greece to receive funding and stay in the euro zone.
U.S. stock futures indicated a slightly firmer opening on
Wall Street, with the tech-heavy Nasdaq index closing in on the
all-time high touched 15 years ago
as investors also focused on signs of economic improvement
across the developed world.
LONDON (Reuters) – World stocks fell from five-month highs on Friday and the euro weakened before a meeting of euro zone finance ministers that could put Greece on its way to exiting the euro zone.
European equity markets were a touch higher, however, and U.S. stock futures indicated a firmer open on Wall Street, as investors focused on signs of economic improvement across the developed world.
LONDON, Feb 20 (Reuters) – World stocks fell from five-month
highs on Friday and the euro weakened before a meeting of euro
zone finance ministers that could put Greece on its way to
exiting the euro zone.
European equity markets were a touch higher, however
, and U.S. stock futures indicated a firmer
open on Wall Street , as investors focused
on signs of economic improvement across the developed world
LONDON (Reuters) – World stocks eased off five-month highs on Friday and the euro fell before a European finance ministers’ meeting that could potentially cut Greece adrift and set it on the path to exiting the euro zone.
European equity markets opened a touch higher however, focusing on continued signs of economic improvement across the euro bloc, as data showed robust private sector growth in France and Germany.
LONDON, Feb 16 (Reuters) – A collapse in day-to-day trading
in emerging bonds is forcing fund managers to increasingly rely
on buy-and-hold investment strategies, with more and more of
them unable to sell securities when they most need to do so.
There is a disconnect between booming new issue markets and
the moribund secondary trade picture. This may even worsen if
near-zero or negative Western bond yields bring more entrants
into emerging markets where, according to BNP Paribas, the
average stock of a dollar bond trades less than twice a year -
down from 4-5 times back in 2007.
LONDON, Feb 11 (Reuters) – With Russia battered by
international sanctions and weak oil prices, an accelerating
capital flight is turning into a brain drain of entrepreneurs
that threatens to hurt the economy’s long term health.
Immigration lawyers, estate agents and bankers in Europe are
reporting a jump in interest from middle class business owners
planning to move their ventures and families outside Russia.
London is becoming a favourite among would-be emigres seeking
financial and political stability.
LONDON, Feb 11 (Reuters) – The naira fell 2 percent on
Wednesday and currency forwards priced in more devaluation to
come as Nigeria’s political and security crisis escalates, while
other emerging markets also retreated in face of a stronger
The naira is down more than 10 percent against the dollar
this year despite repeated central bank interventions,
weighed on by the postponement of Feb. 14 elections, weak oil
prices and an Islamist insurgency. Standard and Poor’s on
Tuesday placed Nigeria on creditwatch negative.
LONDON (Reuters) – Falling oil prices and rate cuts in Europe are giving emerging market central banks the green light to ease their own monetary policies but investors are fearful that political pressure may be prompting some shifts in stance.
Already fragile trust in policymaking in some countries is being tested by central bank actions and the demands of politicians such as Turkish President Tayyip Erdogan for deeper and faster rate cuts.
LONDON, Jan 29 (Reuters) – After a golden decade of
improvement, credit ratings for a swathe of developing economies
risk falling back to “junk”, with huge potential costs for up to
a tenth of outstanding emerging market bonds.
Many mainstream investment and pension funds have rules
preventing them from holding debt unless it is classified as
investment grade by at least two of the big ratings agencies,
and a number of countries are at risk due to problems ranging
from tumbling commodity export prices to political instability.