{"id":10429,"date":"2012-05-02T20:30:55","date_gmt":"2012-05-02T18:30:55","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/emerging-markets-stocks-rally-romanian-leu-steadies-off-record-lows\/"},"modified":"2012-05-02T20:30:55","modified_gmt":"2012-05-02T18:30:55","slug":"emerging-markets-stocks-rally-romanian-leu-steadies-off-record-lows","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-stocks-rally-romanian-leu-steadies-off-record-lows\/","title":{"rendered":"EMERGING MARKETS-Stocks rally, Romanian leu steadies off record lows"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* MSCI emerging mkts index at 2 1\/2-wk high<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Chinese PMI shows rate of manufacturing decline slowing<\/p>\n<p><span><\/span><\/p>\n<p>* Romanian leu off record lows on political hopes, interest<br \/>\nrate<\/p>\n<p><span><\/span><\/p>\n<p>* Hungarian forint hits 7 1\/2-month high on aid hopes<\/p>\n<p><span><\/span><\/p>\n<p>By Clare Kane<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, May 2 (Reuters) &#8211; Emerging stocks rallied to a 2<br \/>\n1\/2-week high on Wednesday as manufacturing data reassured<br \/>\ninvestors, while Romania&#8217;s leu rose off record lows as the<br \/>\ncentral bank held interest rates steady and hopes grew of an end<br \/>\nto political deadlock.<\/p>\n<p><span><\/span><\/p>\n<p>The rate of deterioration in Chinese manufacturing slowed in<br \/>\nApril, indicating a pick-up in the world&#8217;s second-largest<br \/>\neconomy after a slow first quarter, while U.S. factory activity<br \/>\ngrew at its strongest rate in 10 months, assuaging fears about a<br \/>\nglobal slowdown.<\/p>\n<p><span><\/span><\/p>\n<p>The MSCI emerging markets index was up 0.6 percent, its<br \/>\nhighest since April 13, with Hungarian and Romanian stocks up 1<br \/>\npercent  following Tuesday&#8217;s public holiday,<br \/>\ndespite poor purchasing managers&#8217; index factory data across<br \/>\ncentral Europe.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We have had a weak bunch of data this morning from central<br \/>\nand eastern Europe,&#8221; said Neil Shearing, chief emerging markets<br \/>\neconomist at Capital Economics 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>* MSCI emerging mkts index at 2 1\/2-wk high * Chinese PMI shows rate of manufacturing decline slowing * Romanian leu off record lows on political hopes, interest rate * Hungarian forint hits 7 1\/2-month high on aid hopes By Clare Kane LONDON, May 2 (Reuters) &#8211; Emerging stocks rallied to a 2 1\/2-week high [&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-10429","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\/10429","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=10429"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10429\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}