{"id":13869,"date":"2012-08-24T15:10:51","date_gmt":"2012-08-24T13:10:51","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/emerging-markets-stocks-drop-1-pct-on-u-s-easing-greece-worries\/"},"modified":"2012-08-24T15:10:51","modified_gmt":"2012-08-24T13:10:51","slug":"emerging-markets-stocks-drop-1-pct-on-u-s-easing-greece-worries","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-stocks-drop-1-pct-on-u-s-easing-greece-worries\/","title":{"rendered":"EMERGING MARKETS-Stocks drop 1 pct on U.S. easing, Greece worries"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(There will be no London-based emerging markets report on<br \/>\nMonday, Aug. 27 due to a public holiday)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Aug 24 (Reuters) &#8211; Emerging stocks fell nearly 1<br \/>\npercent On Friday to 2-1\/2 week lows and emerging European<br \/>\ncurrencies weakened as Federal Reserve comments dented<br \/>\nexpectations of U.S. monetary easing and worries about Greece<br \/>\nre-emerged.<\/p>\n<p><span><\/span><\/p>\n<p>Shares in Shanghai fell 1 percent to their lowest<br \/>\nclose in more than three years on concerns about China&#8217;s slowing<br \/>\neconomic growth while banks led Indian shares lower<br \/>\nafter the central bank again indicated reluctance to ease<br \/>\ninterest rates to shore up a slowing economy.<\/p>\n<p><span><\/span><\/p>\n<p>Benchmark emerging equities fell 0.85 percent to<br \/>\ntheir lowest since Aug 6. Stocks have fallen 1.5 percent from<br \/>\n3-month highs set earlier this month.<\/p>\n<p><span><\/span><\/p>\n<p>Uncertainty about whether the Fed will introduce more<br \/>\nstimulus hurt appetite for riskier emerging market assets.<br \/>\nMinutes of the Fed&#8217;s latest meeting, released on Wednesday, had<br \/>\nhighlighted strong support among policymakers for more easing.<br \/>\nBut St. Louis Federal Reserve President James Bullard told CNBC<br \/>\ntelevision late on Thursday that the economic outlook had<br \/>\nbrightened since that meeting.<\/p>\n<p><span><\/span><\/p>\n<p>The Fed&#8217;s easing polices in the past few years have directed<br \/>\ninvestment traffic towards higher-yielding emerging markets.<\/p>\n<p><span><\/span><\/p>\n<p>Turkish markets fell on receding global risk appetite,<br \/>\nparing some gains posted on Thursday after Fitch said it could<br \/>\nraise Turkey&#8217;s rating to investment grade.<\/p>\n<p><span><\/span><\/p>\n<p>In Central Europe, focus returned to struggling euro zone<br \/>\nmember Greece which has close links with many emerging Europe<br \/>\nmarkets.<\/p>\n<p><span><\/span><\/p>\n<p>A working group led by Germany&#8217;s deputy finance minister is<br \/>\nstudying the possible economic impact of a Greek exit from the<br \/>\neuro zone, a newspaper reported on Friday, as Chancellor Angela<br \/>\nMerkel prepared for talks with Greece&#8217;s prime minister.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(There will be no London-based emerging markets report on Monday, Aug. 27 due to a public holiday) LONDON Aug 24 (Reuters) &#8211; Emerging stocks fell nearly 1 percent On Friday to 2-1\/2 week lows and emerging European currencies weakened as Federal Reserve comments dented expectations of U.S. monetary easing and worries about Greece re-emerged. Shares [&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-13869","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\/13869","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=13869"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13869\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}