{"id":13834,"date":"2012-08-23T15:09:28","date_gmt":"2012-08-23T13:09:28","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/emerging-markets-stocks-rally-on-u-s-easing-hopes\/"},"modified":"2012-08-23T15:09:28","modified_gmt":"2012-08-23T13:09:28","slug":"emerging-markets-stocks-rally-on-u-s-easing-hopes","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-stocks-rally-on-u-s-easing-hopes\/","title":{"rendered":"EMERGING MARKETS-Stocks rally on U.S. easing hopes"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Aug 23 (Reuters) &#8211; Emerging stocks rose nearly 1<br \/>\npercent towards their highest in over three months and sovereign<br \/>\ndebt spreads traded around their tightest in a year on Thursday<br \/>\nafter the U.S. Federal Reserve signalled more policy easing was<br \/>\non its way.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>The Fed is likely to deliver another round of monetary<br \/>\nstimulus &#8220;fairly soon&#8221; unless the economy improves considerably,<br \/>\nminutes from its latest meeting suggested on Wednesday.<\/p>\n<p><span><\/span><\/p>\n<p>Riskier emerging markets have benefited from the hunt for<br \/>\nyield triggered by monetary easing by developed market central<br \/>\nbanks in the past few years.<\/p>\n<p><span><\/span><\/p>\n<p>Benchmark emerging equities gained 0.85 percent<br \/>\nand emerging sovereign debt spreads edged in by one<br \/>\nbasis point over U.S. Treasury yields, which dipped from recent<br \/>\nthree-month highs.<\/p>\n<p><span><\/span><\/p>\n<p>Chinese stocks ended higher after resources stocks<br \/>\nwere buoyed by local media reports of support for high-energy<br \/>\nconsuming industries, despite a disappointing Chinese factory<br \/>\nsurvey for August.<\/p>\n<p><span><\/span><\/p>\n<p>Russian stocks rose over two percent as oil jumped<br \/>\nmore than $1 a barrel above $116. Russia&#8217;s five-year<br \/>\ncredit default swaps fell five basis points to 158 bps,<br \/>\naccording to Markit, close to their lowest levels in a year,<br \/>\nwhile Hungary&#8217;s 5-year CDS, which have plummeted 200 bps this<br \/>\nyear, edged down a further 2 bps to 425 bps.<\/p>\n<p><span><\/span><\/p>\n<p>Emerging European stocks and currencies were generally<br \/>\nstronger, though prices slipped after euro zone flash PMIs<br \/>\nsignalled recession in the main trading partner of emerging<br \/>\nEurope.<\/p>\n<p><span><\/span><\/p>\n<p>Czech stocks hit four-month highs and Turkish stocks<br \/>\n rose to their highest since May 2011.<\/p>\n<p><span><\/span><\/p>\n<p>(Reporting by Carolyn Cohn)<\/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 23 (Reuters) &#8211; Emerging stocks rose nearly 1 percent towards their highest in over three months and sovereign debt spreads traded around their tightest in a year on Thursday after the U.S. Federal Reserve signalled more policy easing was on its way. The Fed is likely to deliver another round of monetary stimulus [&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-13834","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\/13834","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=13834"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13834\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}