{"id":12533,"date":"2012-07-18T12:59:08","date_gmt":"2012-07-18T10:59:08","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/emerging-markets-stocks-mixed-shekel-hits-3-yr-low\/"},"modified":"2012-07-18T12:59:08","modified_gmt":"2012-07-18T10:59:08","slug":"emerging-markets-stocks-mixed-shekel-hits-3-yr-low","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-stocks-mixed-shekel-hits-3-yr-low\/","title":{"rendered":"EMERGING MARKETS-Stocks mixed, shekel hits 3-yr low"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, July 18<\/span> (Reuters) &#8211; Global emerging market stocks<br \/>\ndipped on Wednesday as Federal Reserve Chairman Ben Bernanke<br \/>\nkept his cards close to his chest on the prospects of further<br \/>\nU.S. monetary stimulus, though Europe&#8217;s emerging shares saw<br \/>\ngains on a stronger euro.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Meanwhile, the Israeli shekel hit three-year lows on rate<br \/>\ncut expectations.<\/p>\n<p><span><\/span><\/p>\n<p>Bernanke offered a gloomy view on Tuesday of the U.S.<br \/>\neconomy&#8217;s prospects but provided few clues on whether the Fed<br \/>\nwas moving closer to a third round of asset buying.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The Fed chairman is going to sound dovish, but we know he<br \/>\nis dovish. The problem is he is not sending strong policy<br \/>\nsignals that QE3 is on the way, he&#8217;s just leaving the door open<br \/>\nto more easing,&#8221; said Benoit Anne, head of emerging markets<br \/>\nstrategy at Societe Generale.<\/p>\n<p><span><\/span><\/p>\n<p>Benchmark emerging market stocks fell by 0.4<br \/>\npercent, led by losses in Southeast Asia, but emerging European<br \/>\nmarket stocks were up by 0.4 percent as the euro<br \/>\nrallied against the dollar.<\/p>\n<p><span><\/span><\/p>\n<p>In Israel, the shekel fell to its lowest point since<br \/>\nJuly 2009, as it weakened beyond 4 shekels to the dollar on rate<br \/>\ncut expectations.<\/p>\n<p><span><\/span><\/p>\n<p>This followed the departure from the government&#8217;s coalition<br \/>\nof centrist party Kadima, following a dispute over military<br \/>\nconscription.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The shekel is trading like a G10 currency, which means we<br \/>\nwill see lower rates and a weaker currency in this environment,&#8221;<br \/>\nAnne said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The central bank&#8217;s policy easing room has been widened by<br \/>\nthe soft inflation print, so there is more expectation of rate<br \/>\ncuts, and that is denting the currency.&#8221;<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 18 (Reuters) &#8211; Global emerging market stocks dipped on Wednesday as Federal Reserve Chairman Ben Bernanke kept his cards close to his chest on the prospects of further U.S. monetary stimulus, though Europe&#8217;s emerging shares saw gains on a stronger euro. Meanwhile, the Israeli shekel hit three-year lows on rate cut expectations. Bernanke [&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-12533","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\/12533","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=12533"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12533\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}