{"id":14910,"date":"2012-09-24T16:52:33","date_gmt":"2012-09-24T14:52:33","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/emerging-markets-russia-leads-losses-on-growth-worries\/"},"modified":"2012-09-24T16:52:33","modified_gmt":"2012-09-24T14:52:33","slug":"emerging-markets-russia-leads-losses-on-growth-worries","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-russia-leads-losses-on-growth-worries\/","title":{"rendered":"EMERGING MARKETS-Russia leads losses on growth worries"},"content":{"rendered":"<p>\t\t<!--[if IE]&gt; div#resizeableText { overflow-x:auto; overflow-y:hidden; } &lt;![endif]--><\/p>\n<p>\t\t<span><\/span><\/p>\n<pre>LONDON, Sept 24 (Reuters) - Russian stocks fell 1.6 percent\non Monday, adding to last week's 4 percent decline, as the\nslowdown in the global economy pressured commodities prices,\nwhile other emerging markets also weakened.\n    Oil and commodities prices have lost ground steadily amid a\nraft of weak economic data from around the world. The latest on\nMonday was Germany's Ifo business sentiment survey, which fell\nto its lowest level in September since early 2010.\n    Furthermore, Madrid said it would hold back in seeking\nexternal aid to finance Spanish debt, pushing up bond yields and\nhurting investor sentiment.\n    MSCI's emerging equity index fell 0.3 percent \ndespite a slight rise in Chinese markets. \n    Moscow's dollar index fell 1.97 percent and was down\nalmost 6 percent from the 4-1\/2 month highs hit after the U.S.\nFederal Reserve announced a third round of quantitative easing\nearlier this month.\n    The rouble fell 0.8 percent to the dollar to lead\nemerging currency losses as oil prices lost $2 a barrel.\n    \"The immediate constraints are the developments in Europe \nand Spain, plus growth numbers have been under pressure.\nGrowth-sensitive markets are those that are most pressured, and\nhere Russia stands out,\" said John Lomax, head of emerging\nequity research at HSBC.\n    Lomax predicted markets would stay rangebound until Spain\nformally requests assistance, but he said that looked unlikely\nuntil after the country's Oct. 21 local elections.  \n    Most emerging currencies lost ground, with markets pricing\nin rate cuts this week in Hungary and the Czech Republic, though\nRomania and Israel are expected to stay on hold. The Czech crown\nfell almost 0.5 percent.\n    Spreads on emerging sovereign dollar bonds widened 4 basis\npoints to 299 bps over Treasuries.\n    \n\n (Reporting by Sujata Rao; editing by Jane Baird)<\/pre>\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 24 (Reuters) &#8211; Russian stocks fell 1.6 percent on Monday, adding to last week&#8217;s 4 percent decline, as the slowdown in the global economy pressured commodities prices, while other emerging markets also weakened. Oil and commodities prices have lost ground steadily amid a raft of weak economic data from around the world. The [&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-14910","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\/14910","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=14910"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14910\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}