Investment strategy Correspondent
Sujata's Feed
May 9, 2014

Election optimism buoys S.Africa, India; emerging stocks set for 2nd week of gains

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
higher.

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.

May 8, 2014

From South Africa to Hungary, bond markets profit from Russian losses

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
unpopular.

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.

Apr 28, 2014

Russia-West tensions weigh on stocks, buoy oil prices

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.

Apr 28, 2014

Russia-West tensions pressure stocks, buoy oil prices

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.

Apr 28, 2014

Russia-West tensions pressure world stocks, buoy oil prices

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.

Apr 25, 2014

Russian firms risk funding crunch as investors fear sanctions

LONDON (Reuters) – Usually prolific borrowers on global markets, Russian companies are finding their funding lifeblood cut off by banks and asset managers who fear their investments will get caught up in the standoff between Moscow and the West.

With military tensions running high between Russia and Ukraine and a looming threat of tough Western economic sanctions, it is getting harder for companies to issue bonds or obtain loans – a situation that could eventually threaten some of them with default.

Apr 23, 2014

Emerging stocks fall a third day on China data, Ukraine tension

LONDON (Reuters) – Emerging-market stocks fell for a third straight day on Wednesday, hurt by China’s weak factory data and Ukraine’s decision to resume a military offensive against pro-Russia rebels.

A preliminary survey showed Chinese factory activity contracted for a fourth straight month in April, leading the yuan to fall to 18-month lows against the dollar and casting a pall over Asian currencies and stock markets.

Apr 17, 2014

Yellen comments buffer emerging assets against Ukraine tensions

LONDON, April 17 (Reuters) – Russian stocks pared gains on
Tuesday after President Vladimir Putin accused the authorities
in Kiev of plunging Ukraine into an “abyss”.

But the rouble edged up for the second straight day on
Thursday along with broader emerging assets as U.S. Fed chair
Janet Yellen’s comments on monetary policy overshadowed
escalating tensions in eastern Ukraine.

Apr 16, 2014

Emerging stocks, currencies inch higher after China data

LONDON (Reuters) – Emerging equities inched off three-week lows on Wednesday after Chinese data soothed fears of an abrupt growth slowdown, with gains also filtering through to Russian markets despite simmering geopolitical tensions.

China’s economy grew 7.4 percent in the first quarter from a year earlier, slightly above forecasts and bringing relief to markets which had been spooked by a recent string of soft numbers.

Apr 15, 2014

Euro-denominated bonds lure emerging borrowers, European funds

LONDON, April 15 (Reuters) – Governments and companies from
the developing world are increasingly turning to euro debt
markets, lured by the falling costs of borrowing there and
European investors’ clamour for relatively higher returns.

Romania sold a 10-year euro-denominated bond on Tuesday
yielding 3.625 percent, following on the heels of Turkey which
last week raised 1 billion euros via a nine-year bond at a 4.2
percent.