{"id":13302,"date":"2012-08-08T14:16:48","date_gmt":"2012-08-08T12:16:48","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/emerging-markets-stocks-hover-near-3-mth-highs\/"},"modified":"2012-08-08T14:16:48","modified_gmt":"2012-08-08T12:16:48","slug":"emerging-markets-stocks-hover-near-3-mth-highs","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-stocks-hover-near-3-mth-highs\/","title":{"rendered":"EMERGING MARKETS-Stocks hover near 3-mth highs"},"content":{"rendered":"

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

LONDON<\/span> Aug 8 (Reuters) – Emerging stocks were steady on
\nWednesday near three-month highs, as gains in Asia on optimism
\nfor further global economic stimulus were offset by weakness in
\nemerging Europe.<\/span><\/p>\n

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

The emerging European equities index dipped
\n0.4 percent, reflecting investor caution due to uncertainty over
\nthe euro zone’s next moves to tackle its debt crisis, whereas
\nbig Asian markets such as Shanghai, Seoul and
\nTaipei all finished higher.<\/p>\n

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

In South Africa, the All-Share Johannesburg index extended
\ngains after closing at a new lifetime high on Monday.<\/p>\n

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

“South Africa is seen as a bit of a safe play,” said Dominik
\nGarcia, a strategist at Credit Suisse. “Growth is resilient
\ncompared with eastern Europe which is very dependant on Europe.”<\/p>\n

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

Russian shares saw the sharpest fall, sliding 0.5
\npercent after three days of gains that pushed the index to its
\nhighest in nearly three months. The move shadowed oil prices
\n which slipped 66 cents a barrel.<\/p>\n

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

The rouble shed 0.50 percent against the dollar.<\/p>\n

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

Political risk continued to weigh on Serbia. The dinar
\n fell 0.2 percent, staying near record lows after
\nStandard and Poor’s cut Serbia’s credit rating amid an
\nescalating crisis over central bank independence.<\/p>\n

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

“(The central bank crisis) will put further downward
\npressure on the dinar already affected by contagion risks from
\nthe euro zone crisis, political uncertainty and risks to the
\nfiscal outlook,” Societe Generale analysts said in a note.<\/p>\n

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

The Polish zloty lost 0.4 percent against the
\neuro, edging further off one-year highs hit earlier this week.
\nThe Hungarian forint shed 0.36 against the euro.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

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

LONDON Aug 8 (Reuters) – Emerging stocks were steady on Wednesday near three-month highs, as gains in Asia on optimism for further global economic stimulus were offset by weakness in emerging Europe. The emerging European equities index dipped 0.4 percent, reflecting investor caution due to uncertainty over the euro zone’s next moves to tackle its […]<\/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-13302","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\/13302","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=13302"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13302\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}