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\t\t<\/span><\/p>\n <\/span><\/p>\n \n \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":" LONDON, Sept 7 (Reuters) – Emerging equities leapt 1.7 percent on Friday and sovereign bond yield spreads fell to 14-month lows, extending gains after the ECB’s message on bond buying stoked risk appetite. Hungary’s forint however languished near five-week lows after Budapest appeared to dash hopes of a speedy loan deal with the International Monetary […]<\/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-14379","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\/14379","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=14379"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14379\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}LONDON, Sept 7 (Reuters) - Emerging equities leapt 1.7\npercent on Friday and sovereign bond yield spreads fell to\n14-month lows, extending gains after the ECB's message on bond\nbuying stoked risk appetite.\n Hungary's forint however languished near five-week lows\nafter Budapest appeared to dash hopes of a speedy loan deal with\nthe International Monetary Fund.\n Equities, commodities and high-yield currencies received a\nshot in the arm after the European Central Bank unveiled on\nThursday a potentially unlimited bond-buying programme aimed at\nlowering borrowing costs for stressed euro zone states.\n \n MSCI's main emerging equity index traded at two-week highs\n after gains of more than 1 percent on Thursday and is\non track for a weekly gain after a three-week losing streak. \n Yield spreads on emerging sovereign dollar bonds \nfell below 300 basis points for the first time since early July\n2011. They have contracted 26 bps so far this week.\n \"The action announced by the ECB is offering a big comfort\nto the market as it removes a major risk to the euro's\nsurvival,\" said Murat Toprak, emerging markets strategist at\nHSBC. \"This is positive for emerging markets so we are in the\nsame mood as yesterday and should continue for some time.\"\n Emerging equities were also boosted by gains in Chinese\nshares which jumped 3.7 percent for their best day in\neight months. Reports of new infrastructure projects have added\nto signs Beijing is acting to shore up growth. \n Russian shares rose 1.3 percent after gains of 3.3\npercent on Thursday, set for the best weekly performance since\nJune and Turkish stocks hit new 16-month highs.\n Hungarian stocks too were at the highest since early May,\ndespite the prime minister's comments that conditions attached\nto a key external aid deal were unacceptable. \n Hungarian five-year credit default swaps fell 8 basis points\nto 388 bps, according to Markit. The forint however slid 0.5\npercent against the euro, extending losses after a sharp fall on\nThursday.\n Toprak said losses were being tempered by the view Hungary\nwould have no choice but to ultimately accept IMF terms.\n \"We are used to this kind of noise from Hungary. It has an\nimpact on Hungarian assets in the near term but at this point\nthe upside to euro\/forint is not as big as it's been in the past\nas the global backdrop is better,\" he said. \n \n\n (Reporting by Sujata Rao; Editing by Susan Fenton)<\/pre>\n