* EM stocks inch up after IMF predicts 5.7 pct growth in
2012
* Hungary stocks flat, forint weakens as cbank changes fail
to convince
* Turkish lira weakens ahead of rates meeting
* South African rand close to 2-wks highs after index
inclusion news
* Argentina CDS at 2012 high after oil company dispute
By Clare Kane
LONDON, April 18 (Reuters) – Emerging stocks edged up on
Wednesday, moving away from recent lows, while the Hungarian
forint weakened as investors questioned whether changes to
central bank legislation would open up formal aid talks.
The MSCI emerging markets index inched up 0.3
percent after the International Monetary Fund predicted on
Tuesday only a gentle slowdown in growth in emerging markets to
5.7 percent this year, compared to 6 percent in 2011.
Emerging stocks have become stuck in ranges as investors
stick to the sidelines on unclear news and data signals.
Continued…
