Investment strategy Correspondent
Sujata's Feed
Feb 24, 2014

Ukraine bond investors remain anxious despite relief rally

LONDON, Feb 24 (Reuters) – While bond markets have reacted
jubilantly to the possibility of Western aid for Ukraine,
big-name investors are worried about how fast Kiev can secure a
rescue and whether an IMF bailout may reschedule its debts.

The faith of funds such as Templeton, Fidelity, Amundi, ING
and Stone Harbor Investment Partners in Ukraine’s ability to
repay its debts seemed to have been vindicated late last year
when Russia offered Kiev a $15 billion rescue.

Feb 21, 2014

Eastern Europe bonds, stocks advance on Ukraine deal; Brazil’s real gains

SAO PAULO/LONDON, Feb 21 (Reuters) – Eastern and Central
European bonds and stocks gained on news of a deal on Friday to
end a violent standoff in Ukraine, while Brazil’s real currency
extended gains as market analysts gave a cautious thumbs up to a
new fiscal savings plan.

In the Ukrainian capital Kiev, opposition leaders signed an
EU-mediated accord with President Viktor Yanukovich, aiming to
resolve a political crisis and opening the way for an early
presidential election this year.

Feb 21, 2014

Ukraine assets lead emerging market gains, yuan slides

LONDON, Feb 21 (Reuters) – Signs of stabilisation on
Ukrainian assets, on news of plans to hold early presidential
elections and form a national unity government, helped lift
emerging markets on Friday, although a sharply weaker yuan
indicated looming headwinds for the sector.

All-night negotiations mediated by visiting European Union
foreign ministers has resulted in a deal between President
Viktor Yanukovich and the pro-Europe opposition though analysts
warn this could be rejected by the population.

Feb 21, 2014

Chinese yuan fall deepens on offshore markets, down 1 percent to dollar since Monday

LONDON, Feb 21 (Reuters) – China’s yuan currency weakened to
its lowest level since early October in offshore trade on Friday
, extending a central bank-sponsored slide that has
rattled foreign investors and left questions about Beijing’s
intentions.

One of the safest bets for global investors in recent years
has been a steady gain for the yuan, or renminbi, long seen as
artificially undervalued by state controls and traded by foreign
investors in a complex system of offshore and forward rates.

Feb 20, 2014

Emerging market storm boon for euro zone’s periphery

LONDON, Feb 20 (Reuters) – A reversal in fortunes between
southern Europe and once-booming developing economies has
triggered a substantial allocation shift by global funds out of
emerging assets and into the euro markets they fled two years
ago.

Escalating violence in Ukraine and the suspension of
Nigeria’s central bank governor hit emerging market assets on
Thursday, even as Spain, once seen as the focus of the euro zone
debt crisis, saw its long-term borrowing costs tumble to their
lowest since 2008.

Feb 14, 2014

Rouble briefly hits all-time lows; central Europe rallies

LONDON (Reuters) – The Russian rouble stepped back from all-time lows on Friday after the central bank left interest rates on hold and hinted at tighter future policy, while evidence of economic recovery boosted Central European currencies.

The benchmark emerging equity index was on track for its biggest weekly gain since early October, helped by a rebound in Chinese shares.

Feb 12, 2014

Emerging market stocks gain on China data; Latam dips

RIO DE JANEIRO/LONDON, Feb 12 (Reuters) – Emerging market
stocks rose to three-week highs on Wednesday, boosted by
stronger-than-expected trade data in China, but Brazil and
Mexico shares were unable to hold on to early gains.

China’s January exports and import growth readings easily
beat forecasts, data showed on Wednesday, easing concerns of a
slowdown in the world’s second-largest economy. China is a key
purchaser of raw materials such as iron ore, soybeans and copper
from other developing markets.

Feb 12, 2014

Emerging market stocks gain, spurred by China

RIO DE JANEIRO/LONDON, Feb 12 (Reuters) – Emerging market
stocks rose to three-week highs on Wednesday, boosted by
stronger-than-expected Chinese trade data but Brazilan stocks
dipped on profit-taking after recent gains.

China’s January exports and imports easily beat forecasts,
data showed Wednesday, easing concerns over a slowdown in the
world’s second-largest economy. China is a key purchaser of raw
materials such as iron-ore, soybeans and copper from other
developing markets.

Feb 12, 2014

Emerging assets firmer on solid Chinese data, Fed reassurance

LONDON, Feb 12 (Reuters) – Emerging stocks rose 1 percent on
Wednesday to three-week highs, lifted by solid Chinese trade
data and the new Federal Reserve boss who testified that there
were no plans to speed up the pace of stimulus withdrawal.

Hungarian shares bucked the stronger emerging markets trend
on expectations that an EU legal opinion paves the way for local
courts to rule against banks on a controversial loans issue.

Feb 11, 2014

Rouble slide means Russia neighbours may follow Kazakh devaluation

LONDON, Feb 11 (Reuters) – Kazakhstan’s hefty devaluation
could see other ex-Soviet states follow suit to protect their
trade against fallout from a slide in the rouble as Moscow moves
to float its currency.

The rouble has lost 6 percent against the dollar this year
and many analysts see that as the key factor that prompted
Kazakhstan, which buys nearly 40 percent of its imports from
Russia, to seize the initiative and devalue its tenge on Tuesday
by 19 percent against the dollar.