* Russia plans 5-, 10-, 30- dollar Eurobonds, sources say
* Rouble gains 0.5 pct vs dlr
* Hungary 5yr CDS at one-month high
By Philip Baillie
LONDON, March 26 (Reuters) – Emerging stocks fell on Monday
as investors weighed the risks of a slowdown in the global
economy following last weeks’ poor economic data in China and
Germany, while Russian markets awaited a possible three-tranche
Russian Eurobond.
A better-than-expected German Ifo business climate survey,
which showed sentiment rose in March for the fifth month in a
row, emboldened investors in Europe but reaction in emerging
European stocks was subdued.
Hungarian stocks fell 0.5 percent and Poland’s main
share index dropped 0.1 percent.
Emerging stocks were also weighed by a fall in Indian
and Turkish equities, and MSCI’s benchmark
emerging markets index shed 0.5 percent. Russian
stocks were the biggest gainer, rising 0.7 percent.
“Some markets are doing well, like the rouble, but generally
the tone is not that great,” said Christian Maggio, emerging
markets strategist at TD Securities.
Continued…
