{"id":13016,"date":"2012-07-31T13:50:32","date_gmt":"2012-07-31T11:50:32","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/emerging-markets-stocks-hit-4-week-highs-leu-firms\/"},"modified":"2012-07-31T13:50:32","modified_gmt":"2012-07-31T11:50:32","slug":"emerging-markets-stocks-hit-4-week-highs-leu-firms","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-stocks-hit-4-week-highs-leu-firms\/","title":{"rendered":"EMERGING MARKETS-Stocks hit 4-week highs, leu firms"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, July 31<\/span> (Reuters) &#8211; Emerging stocks hit four-week<br \/>\nhighs on Tuesday on strong showings in Latin America and East<br \/>\nAsia reflecting hopes of monetary stimulus by the European<br \/>\nCentral Bank, though some caution set in during emerging<br \/>\nEuropean trade.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Risky emerging markets have been gaining in anticipation<br \/>\nthat the ECB could revive its bond purchase programme following<br \/>\nits meeting on Thursday, after President Mario Draghi said last<br \/>\nweek that the ECB was ready to do whatever it takes to preserve<br \/>\nthe euro.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;After Draghi&#8217;s comments, the market is still expecting<br \/>\nsomething happening this week from the ECB. If there&#8217;s a big<br \/>\ndisappointment, it&#8217;s going to be a little bit ugly,&#8221; said Gaelle<br \/>\nBlanchard, emerging FX strategist at Societe Generale.<\/p>\n<p><span><\/span><\/p>\n<p>South Korean stocks gained 2.07 percent, while<br \/>\nTaiwanese stocks rose 1.56 percent. Brazilian stocks<br \/>\nwere up 1.2 percent.<\/p>\n<p><span><\/span><\/p>\n<p>While benchmark emerging stocks gained 0.91<br \/>\npercent, emerging European stocks dipped by 0.17<br \/>\npercent, with Russian stocks falling 0.56 percent in<br \/>\nline with softer oil prices.<\/p>\n<p><span><\/span><\/p>\n<p>The Romanian leu continued tentatively to recover<br \/>\nfrom all-time lows set in recent weeks, gaining 0.1 percent, yet<br \/>\nanalysts warned that the respite may be brief.<\/p>\n<p><span><\/span><\/p>\n<p>Prime Minister Victor Ponta failed to oust President Traian<br \/>\nBasescu in a referendum on Sunday, easing tensions with the<br \/>\nEuropean Union and the International Monetary Fund, which is<br \/>\nsupplying aid that the country needs to shield itself from the<br \/>\neuro zone crisis.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It&#8217;s not the end of the story, in terms of uncertainty<br \/>\nit&#8217;s not that good,&#8221; Blanchard said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We will have a struggle at least until the parliamentary<br \/>\nelections. The other important factor is whether the IMF project<br \/>\ngoes on. With the election coming, it&#8217;s whether (politicians)<br \/>\nwill want to show something to the people, not just austerity.&#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 31 (Reuters) &#8211; Emerging stocks hit four-week highs on Tuesday on strong showings in Latin America and East Asia reflecting hopes of monetary stimulus by the European Central Bank, though some caution set in during emerging European trade. Risky emerging markets have been gaining in anticipation that the ECB could revive its bond [&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-13016","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\/13016","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=13016"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13016\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}