{"id":10263,"date":"2012-04-25T16:31:00","date_gmt":"2012-04-25T14:31:00","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/rpt-emerging-markets-hungary-surges-on-imfeu-deal-hopes\/"},"modified":"2012-04-25T16:31:00","modified_gmt":"2012-04-25T14:31:00","slug":"rpt-emerging-markets-hungary-surges-on-imfeu-deal-hopes","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/rpt-emerging-markets-hungary-surges-on-imfeu-deal-hopes\/","title":{"rendered":"RPT-EMERGING MARKETS-Hungary surges on IMF\/EU deal hopes"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Edits headline)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Hungary stocks jump 3 pct; forint at 1-mth high;<\/p>\n<p><span><\/span><\/p>\n<p>* Hungary 5-yr CDS fall 14 bps,  bond spreads snap in 34 bps<\/p>\n<p><span><\/span><\/p>\n<p>* Emerging stocks inch off 3-mth lows; Fed signals awaited<\/p>\n<p><span><\/span><\/p>\n<p>By Sujata Rao<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, April 25 (Reuters) &#8211; Hungarian stock markets jumped<br \/>\n3 percent and the forint hit a 1-month high on Wednesday thanks<br \/>\nto signs it was on the way to unblocking talks over an EU and<br \/>\nIMF financing deal.<\/p>\n<p><span><\/span><\/p>\n<p>The spreads on Hungary&#8217;s dollar bonds also tightened over 30<br \/>\nbasis points and forint bond yields dived by almost half a<br \/>\npercentage point, reflecting a surge since Reuters reported on<br \/>\nTuesday that the European Commission was not referring the key<br \/>\npoint in the two sides&#8217; dispute for further legal action.<\/p>\n<p><span><\/span><\/p>\n<p>Prime Minister Viktor Orban said obstacles to talks on<br \/>\nfinancial aid had been &#8220;practically removed&#8221;, signalling the end<br \/>\nto four months of uncertainty over a deal analysts view as vital<br \/>\nfor Budapest may be near.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We may be approaching the stage that formal financing talks<br \/>\nbetween Hungary and the IMF may begin and that&#8217;s what markets<br \/>\nare looking for,&#8221; said Manik Narain, emerging markets strategist<br \/>\nat UBS in London.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Edits headline) * Hungary stocks jump 3 pct; forint at 1-mth high; * Hungary 5-yr CDS fall 14 bps, bond spreads snap in 34 bps * Emerging stocks inch off 3-mth lows; Fed signals awaited By Sujata Rao LONDON, April 25 (Reuters) &#8211; Hungarian stock markets jumped 3 percent and the forint hit a 1-month [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10263","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10263"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10263\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}