LONDON May 8 (Reuters) – Emerging stocks dipped on Tuesday
towards recent three-month lows, as austerity-rejecting
elections in Greece and France kept uncertainty high, though
Romanian assets were steady after the country’s new government
won a confidence vote.
Emerging stocks have plunged eight percent in the
past two months and have suffered seven straight weeks of
losses, their worst showing since September 2008.
Romanian assets were steady after Romania’s parliament
backed the country’s new government by a wide margin late on
Monday, allaying concerns for now over an IMF-backed programme.
Serbia’s dinar hovered near record lows after an
inconclusive Serbian election on Sunday left the Socialist Party
of late strongman Slobodan Milosevic in the driving seat.
Russian, Czech and Slovak markets were shut for a holiday.
(Reporting by Carolyn Cohn; Editing by Ruth Pitchford)
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