{"id":13263,"date":"2012-08-07T14:13:21","date_gmt":"2012-08-07T12:13:21","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/emerging-markets-stocks-near-3-mth-high-s-africa-hits-record\/"},"modified":"2012-08-07T14:13:21","modified_gmt":"2012-08-07T12:13:21","slug":"emerging-markets-stocks-near-3-mth-high-s-africa-hits-record","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-stocks-near-3-mth-high-s-africa-hits-record\/","title":{"rendered":"EMERGING MARKETS-Stocks near 3-mth high; S.Africa hits record"},"content":{"rendered":"

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

LONDON<\/span> Aug 7 (Reuters) – Emerging market equities steadied
\nat near-three-month highs on Tuesday after the hefty gains of
\nthe two previous sessions, while South Africa’s stock market hit
\nnew record highs.<\/span><\/p>\n

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

Benchmark emerging stocks edged up 0.11 percent.
\nThis follows Monday’s 1.5 percent rise which took the index to
\nits highest point since mid-May.<\/p>\n

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

Johannesburg’s all-share index rose 0.3 and hit a
\nfresh record high high, powered by strong company earnings,
\nlower interest rates and inflows from foreign funds anticipating
\nmore money printing by Western central banks.<\/p>\n

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

South Africa’s benchmark top-40 index gained 0.3
\npercent, taking gains on the year to 9.9 percent and bringing
\nthe index to four-year highs.<\/p>\n

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

Russian stocks rose 0.5 percent, and the rouble
\n hit two-and-a-half month highs against the dollar. Russia
\nhas been boosted by oil prices, which have risen above $110 a
\nbarrel.<\/p>\n

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

Russia’s central bank will meet on Friday, and some analysts
\nsee a slim chance of an interest rate rise, given the recent
\nspike in inflation.<\/p>\n

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

The Romanian leu rose 0.6 percent against the
\neuro, moving further away from record lows hit last week.<\/p>\n

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

The country’s central bank capped the amount it gave banks
\nat a repo auction on Monday in a move some traders said was a
\nsignal it would not tolerate too much leu weakness. The bank was
\nalso said to have intervened to support the leu.<\/p>\n

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

The Romanian currency has lost 2.2 percent since July 1 amid
\npolitical uncertainty following Prime Minister Victor Ponta’s
\nfailed attempt to impeach President Traian Basescu.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

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

LONDON Aug 7 (Reuters) – Emerging market equities steadied at near-three-month highs on Tuesday after the hefty gains of the two previous sessions, while South Africa’s stock market hit new record highs. Benchmark emerging stocks edged up 0.11 percent. This follows Monday’s 1.5 percent rise which took the index to its highest point since mid-May. […]<\/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-13263","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\/13263","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=13263"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13263\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}