* Emerging shares up over 1 pct to one-month high
* Kazakh tenge at new 2 year lows; industrial output
disappoints
* Turkish shares rebound; South Africa sells bond
By Sebastian Tong
LONDON, Jan 10 (Reuters) – Hopes for the U.S. economy
drove emerging shares to a month’s high on Tuesday but
Kazakhstan’s tenge slid to its weakest in two years after
disappointing industry figures added to worries about political
unrest and a struggling state-owned bank.
Turkish shares rebounded after sinking to seven-month lows
in the previous session while South Africa sold a $1.5 billion
12-year global bond.
Data that showed U.S. consumer credit staging its biggest
jump in a decade over November provided another indicator of
quickening recovery in the United States.
“We are in a slightly paradoxical situation right now.
European worries are clearly still around, but we continue to
get quite robust numbers out of the U.S. It seems like markets
are finally beginning to realise that the world might not come
to an end,” said Lars Christensen, senior analyst at Danske.
“While the European crisis is far from over, our strategists
are expecting relatively robust results from U.S. companies,
which could help channel risk appetite and underline that global
growth is not as bad as it is priced in today.”
Continued…
