{"id":13228,"date":"2012-08-06T14:10:11","date_gmt":"2012-08-06T12:10:11","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/emerging-markets-rising-risk-sentiment-lifts-em-boats\/"},"modified":"2012-08-06T14:10:11","modified_gmt":"2012-08-06T12:10:11","slug":"emerging-markets-rising-risk-sentiment-lifts-em-boats","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-rising-risk-sentiment-lifts-em-boats\/","title":{"rendered":"EMERGING MARKETS-Rising risk sentiment lifts EM boats"},"content":{"rendered":"

\t\t<\/span><\/p>\n

LONDON<\/span> Aug 6 (Reuters) – Emerging stocks hit their highest
\nin nearly three months and the zloty hit a one-year high on
\nMonday after stronger-than-expected U.S. jobs data in the
\nprevious session buoyed previously-flagging risk sentiment.<\/span><\/p>\n

<\/span><\/p>\n

The July non-farm payroll figures followed announcements
\nwhich had suggested that no monetary stimulus would be pursued
\nby the Federal Reserve in the near future and any ECB action to
\nquell the euro zone debt crisis was not imminent.<\/p>\n

<\/span><\/p>\n

“Overall, the outcome of last week’s big events were rather
\nbelow expectations…The non-farm payroll number was strong,
\nhowever, which sent a reassuring signal for the health of the US
\neconomy,” said Societe Generale analysts in a note.<\/p>\n

<\/span><\/p>\n

“Going forward, it looks like risk sentiment is on a strong
\nfooting, which suggests that EM high-beta assets may continue to
\nperform well in the near term.”<\/p>\n

<\/span><\/p>\n

Benchmark emerging stocks rose 1.10 percent,
\nreaching their highest point since May 14. Since hitting
\nthree-year lows six days ago, Chinese stocks have
\nrecovered 2.77 percent, and were up 1.04 percent on the session.<\/p>\n

<\/span><\/p>\n

The rising tide of risk sentiment lifted emerging markets
\nglobally, with emerging European markets also doing well. Polish
\nstocks gained 1.35 percent, and the zloty hit
\nfresh one-year highs.<\/p>\n

<\/span><\/p>\n

The Hungarian forint hit 11-month highs,
\ncontinuing to gain after the renewal of IMF engagement in the
\ncountry, and even the Romanian leu, which hit new lows on
\ncontinued political turmoil last week, gained 1.04 percent
\nagainst the euro.<\/p>\n

<\/span><\/p>\n

The strong gains came after Romanian central bank governor
\nMugur Isarescu urged the Balkan state’s leaders on Monday to
\nreduce political tension that has hit the leu, and reports that
\nthe central bank had intervened to support the currency.<\/p>\n

<\/span><\/p>\n

Lawmakers in Serbia adopted a law on Saturday stepping up
\nparliamentary control over the central bank, despite warnings
\nfrom the European Union and International Monetary Fund that the
\nlegislation posed a threat to the bank’s independence.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

LONDON Aug 6 (Reuters) – Emerging stocks hit their highest in nearly three months and the zloty hit a one-year high on Monday after stronger-than-expected U.S. jobs data in the previous session buoyed previously-flagging risk sentiment. The July non-farm payroll figures followed announcements which had suggested that no monetary stimulus would be pursued by the […]<\/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-13228","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\/13228","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=13228"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13228\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}