{"id":13538,"date":"2012-08-15T14:48:06","date_gmt":"2012-08-15T12:48:06","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/emerging-markets-china-and-russia-losses-weigh-on-stocks\/"},"modified":"2012-08-15T14:48:06","modified_gmt":"2012-08-15T12:48:06","slug":"emerging-markets-china-and-russia-losses-weigh-on-stocks","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-china-and-russia-losses-weigh-on-stocks\/","title":{"rendered":"EMERGING MARKETS-China and Russia losses weigh on stocks"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Aug 15 (Reuters) &#8211; Emerging equities slipped 0.4<br \/>\npercent on Wednesday, weighed down by losses in China and<br \/>\nRussia, while Egyptian assets stayed near multi-week highs on<br \/>\nhopes of diminishing political risks.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Market sentiment is broadly supported by expectations the<br \/>\nworld&#8217;s central banks will act to stem deepening economic<br \/>\nweakness, and that has helped emerging equities rally 5 percent<br \/>\nin the past month to three-month highs.<\/p>\n<p><span><\/span><\/p>\n<p>MSCI&#8217;s main emerging markets stock index is<br \/>\nhovering just off those levels, but Wednesday saw Shanghai<br \/>\nshares sink 1.1 percent to approach recent 3-1\/2-year<br \/>\nlows as lacklustre economic data has heightened trepidation over<br \/>\nChinese companies&#8217; first half earnings.<\/p>\n<p><span><\/span><\/p>\n<p>Russia, the biggest component in the emerging Europe index<br \/>\n, lost 1.5 percent as easing political tensions<br \/>\nover Iran pushed oil prices lower.<\/p>\n<p><span><\/span><\/p>\n<p>Egyptian stocks stayed near 4-1\/2-month highs. They eased<br \/>\n0.2 percent after three straight sessions of gains<br \/>\nafter the president moved to sideline the military, raising<br \/>\nhopes of a peaceful transition to full-fledged civilian rule.<\/p>\n<p><span><\/span><\/p>\n<p>The Egyptian pound traded at a fresh two-week high<br \/>\nagainst the dollar.<\/p>\n<p><span><\/span><\/p>\n<p>Central European trading was quiet with Polish and Romanian<br \/>\nmarkets on holiday, but Czech bonds were bid higher and the<br \/>\nCzech crown rose 0.12 percent versus the euro<br \/>\n.<\/p>\n<p><span><\/span><\/p>\n<p>A 1015 GMT Czech auction is expected to draw strong demand<br \/>\nas data showing the economy sliding deeper into recession has<br \/>\nraised expectations of interest rate cuts.<\/p>\n<p><span><\/span><\/p>\n<p>(Reporting by Sujata Rao; Editing by Hugh Lawson)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON Aug 15 (Reuters) &#8211; Emerging equities slipped 0.4 percent on Wednesday, weighed down by losses in China and Russia, while Egyptian assets stayed near multi-week highs on hopes of diminishing political risks. Market sentiment is broadly supported by expectations the world&#8217;s central banks will act to stem deepening economic weakness, and that has helped [&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-13538","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\/13538","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=13538"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13538\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}