{"id":12511,"date":"2012-07-18T00:55:46","date_gmt":"2012-07-17T22:55:46","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/emerging-markets-higher-on-fed-hopes-oil-buoys-russia\/"},"modified":"2012-07-18T00:55:46","modified_gmt":"2012-07-17T22:55:46","slug":"emerging-markets-higher-on-fed-hopes-oil-buoys-russia","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-higher-on-fed-hopes-oil-buoys-russia\/","title":{"rendered":"EMERGING MARKETS-Higher on Fed hopes; oil buoys Russia"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, July 17<\/span> (Reuters) &#8211; Hopes that the U.S. Federal<br \/>\nReserve will hint at more monetary stimulus pushed emerging<br \/>\nequities higher for the third straight session on Tuesday while<br \/>\ncurrencies firmed, led by oil-reliant Russian assets.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Weak U.S. data and a cut in the International Monetary<br \/>\nFund&#8217;s global growth forecast have encouraged markets to<br \/>\nposition for more action by central banks, especially the Fed,<br \/>\nwhose boss Ben Bernanke is due to speak later in the day.<\/p>\n<p><span><\/span><\/p>\n<p>Emerging equities climbed 0.7 percent, with<br \/>\nemerging Europe gaining almost 1 percent thanks<br \/>\nto a 1.5 percent jump in Moscow&#8217;s dollar-denominated equity<br \/>\nindex to a 12-day high.<\/p>\n<p><span><\/span><\/p>\n<p>Brent crude prices are now above $103 per barrel after<br \/>\nfalling below $90 a few weeks ago. The rouble firmed half a<br \/>\npercent versus the dollar, leading EM currency gains.<\/p>\n<p><span><\/span><\/p>\n<p>Central European currencies also rose, helped by the ZEW<br \/>\nreport that showed German investor sentiment fell less than<br \/>\nexpected in June.<\/p>\n<p><span><\/span><\/p>\n<p>The Hungarian forint rose 0.35 percent against the euro<br \/>\n as a joint IMF\/EU mission started its July 17-25 visit<br \/>\nto Budapest for the first round of aid talks.<\/p>\n<p><span><\/span><\/p>\n<p>Romania&#8217;s leu edged slightly above record lows hit on Monday<br \/>\n and 5-year credit default swaps fell 22 bps, according<br \/>\nto Markit, as the government bowed to EU pressure, passing a law<br \/>\nthat raises the chances that the suspended President Traian<br \/>\nBasescu will survive an impeachment vote.<\/p>\n<p><span><\/span><\/p>\n<p>But fears remain for the recession-hit economy, with a 5<br \/>\nbillion euro IMF aid deal at risk and the prime minister warning<br \/>\nof &#8220;political paralysis&#8221; if Basescu stayed in office.<\/p>\n<p><span><\/span><\/p>\n<p>Elsewhere, Tunisia&#8217;s debt insurance costs eased from<br \/>\nthree-year highs after the ruling Islamist party re-elected the<br \/>\nmoderate Rachid Ghannouchi as its leader.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON, July 17 (Reuters) &#8211; Hopes that the U.S. Federal Reserve will hint at more monetary stimulus pushed emerging equities higher for the third straight session on Tuesday while currencies firmed, led by oil-reliant Russian assets. Weak U.S. data and a cut in the International Monetary Fund&#8217;s global growth forecast have encouraged markets to position [&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-12511","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\/12511","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=12511"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12511\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}