{"id":14457,"date":"2012-09-10T16:08:02","date_gmt":"2012-09-10T14:08:02","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/emerging-markets-stocks-hit-2-wk-high-turkey-at-15-mth-high\/"},"modified":"2012-09-10T16:08:02","modified_gmt":"2012-09-10T14:08:02","slug":"emerging-markets-stocks-hit-2-wk-high-turkey-at-15-mth-high","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-stocks-hit-2-wk-high-turkey-at-15-mth-high\/","title":{"rendered":"EMERGING MARKETS-Stocks hit 2-wk high, Turkey at 15-mth high"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, Sept 4<\/span> (Reuters) &#8211; Turkey and Poland were among the<br \/>\nstronger regional performers on Monday as emerging stocks hit<br \/>\nfresh two-week highs in the aftermath of the European Central<br \/>\nBank&#8217;s plan last week to buy peripheral euro zone debt.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Benchmark emerging equities have risen more than<br \/>\n3.5 percent since the ECB detailed its plan on Thursday, in a<br \/>\nstampede to risky assets.<\/p>\n<p><span><\/span><\/p>\n<p>Emerging sovereign debt spreads steadied at 302<br \/>\nbasis points over U.S. Treasuries on Monday, just above their<br \/>\ntightest levels in 14 months.<\/p>\n<p><span><\/span><\/p>\n<p>The pace of gains eased, however, as investors awaited a<br \/>\nFederal Reserve policy meeting later this week. Below-forecast<br \/>\nU.S. jobs data on Friday fanned speculation the Fed may launch<br \/>\nmore monetary stimulus.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The announcement of QE3 this week would cement the much<br \/>\nmore constructive tone for global emerging markets,&#8221; said SEB<br \/>\nanalysts in a client note.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;If the bullish signal is confirmed, there is room for<br \/>\nfurther emerging market FX appreciation, with EM currencies set<br \/>\nto be the best asset in the period ahead, overtaking EM fixed<br \/>\nincome in the process.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>Turkish stocks hit fresh 15-month highs on rate cut<br \/>\nexpectations, and Polish stocks hit three-week highs,<br \/>\nthough Russian stocks dipped from Friday&#8217;s four-month<br \/>\nhighs.<\/p>\n<p><span><\/span><\/p>\n<p>In currency markets, the Czech crown hit its<br \/>\nhighest in more than five months, but the shekel hit a<br \/>\none-month low.<\/p>\n<p><span><\/span><\/p>\n<p>Concerns that a solution to the European debt crisis will<br \/>\nnot be found, rising inflation expectations and an unclear<br \/>\nbudget outlook led the Bank of Israel to leave short-term<br \/>\ninterest rates unchanged last month, minutes of the discussions<br \/>\nshowed on Monday.<\/p>\n<p><span><\/span><\/p>\n<p>(Reporting by Carolyn Cohn; Editing by Toby Chopra)<\/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, Sept 4 (Reuters) &#8211; Turkey and Poland were among the stronger regional performers on Monday as emerging stocks hit fresh two-week highs in the aftermath of the European Central Bank&#8217;s plan last week to buy peripheral euro zone debt. Benchmark emerging equities have risen more than 3.5 percent since the ECB detailed its plan [&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-14457","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\/14457","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=14457"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14457\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}