{"id":13383,"date":"2012-08-10T14:20:38","date_gmt":"2012-08-10T12:20:38","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/emerging-markets-stocks-dip-on-china-trade-serb-dinar-recovers\/"},"modified":"2012-08-10T14:20:38","modified_gmt":"2012-08-10T12:20:38","slug":"emerging-markets-stocks-dip-on-china-trade-serb-dinar-recovers","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-stocks-dip-on-china-trade-serb-dinar-recovers\/","title":{"rendered":"EMERGING MARKETS-Stocks dip on China trade, Serb dinar recovers"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Aug 10 (Reuters) &#8211; Emerging market stocks pulled<br \/>\nback off three-month highs early on Friday as investors withdrew<br \/>\nfrom riskier markets following disappointing trade date from<br \/>\nChina, while an interest rate rise in Serbia helped to shield<br \/>\nits currency.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>China&#8217;s exports grew just 1.0 percent in July from a year<br \/>\nearlier, much weaker than market expectations for an 8.6 percent<br \/>\nrise, while imports grew 4.7 percent, against expectations for<br \/>\n7.2 percent.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Poor Chinese numbers didn&#8217;t boost optimism this morning<br \/>\nwith Asian regional bourses trading in (the) red,&#8221; SEB told<br \/>\nclients in a note.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;However the losses are quite modest and it doesn&#8217;t look<br \/>\nthat a mass sell-off is about to take place.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>Benchmark emerging stocks lost 0.28 percent, with<br \/>\nChinese stocks falling 0.24 percent on the session.<\/p>\n<p><span><\/span><\/p>\n<p>The cautious investor atmosphere also hit other equities,<br \/>\nwith Russian stocks falling by 1.46 percent and the<br \/>\nrouble losing 0.55 against the dollar, but a strong oil<br \/>\nprice was expected to limit losses.<\/p>\n<p><span><\/span><\/p>\n<p>Russia&#8217;s central bank as expected kept key interest rates<br \/>\nunchanged for the eighth month in a row at a meeting on Friday<br \/>\nas it attempts to balance growth and inflation concerns.<\/p>\n<p><span><\/span><\/p>\n<p>In Serbia, a rate rise on Thursday aimed at protecting the<br \/>\ndinar seemed to have had the desired effect, as it<br \/>\ngained 0.4 percent on Friday, following gains of 1.5 percent the<br \/>\nprevious session.<\/p>\n<p><span><\/span><\/p>\n<p>The cost of insuring Serbian five-year bonds against<br \/>\ndefeault, however, rose almost 30 basis points to 525 basis<br \/>\npoints, a three-year high, reflecting the concerns around its<br \/>\neconomy and the policies towards the bank of a new government.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON Aug 10 (Reuters) &#8211; Emerging market stocks pulled back off three-month highs early on Friday as investors withdrew from riskier markets following disappointing trade date from China, while an interest rate rise in Serbia helped to shield its currency. China&#8217;s exports grew just 1.0 percent in July from a year earlier, much weaker than [&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-13383","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\/13383","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=13383"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13383\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}