{"id":15699,"date":"2012-10-18T18:06:39","date_gmt":"2012-10-18T16:06:39","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/emerging-markets-stocks-hit-5-wk-high-after-china-gdp-turkey-up\/"},"modified":"2012-10-18T18:06:39","modified_gmt":"2012-10-18T16:06:39","slug":"emerging-markets-stocks-hit-5-wk-high-after-china-gdp-turkey-up","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-stocks-hit-5-wk-high-after-china-gdp-turkey-up\/","title":{"rendered":"EMERGING MARKETS-Stocks hit 5-wk high after China GDP, Turkey up"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Oct 18 (Reuters) &#8211; Emerging stocks hit five-week<br \/>\nhighs and emerging European currencies mainly rose on Thursday<br \/>\nas Chinese third-quarter growth reassured investors, and Turkish<br \/>\nstocks rose to their strongest in nearly two years ahead of an<br \/>\nexpected rate cut.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>China&#8217;s economy slowed for a seventh straight quarter in<br \/>\nJuly-September, but analysts see recovery ahead.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The data was positive for risk appetite in that it provides<br \/>\nfurther evidence that the slowdown is finding a base,&#8221; said<br \/>\nanalysts at Commerzbank in a client note.<\/p>\n<p><span><\/span><\/p>\n<p>Benchmark emerging equities rose 0.34 percent to<br \/>\nfive-week highs. Russian stocks hit four-week highs,<br \/>\nwith stocks of oil companies TNK-BP and Rosneft standing out as<br \/>\nnegotiations on TNK&#8217;s future appeared to make progress.<\/p>\n<p><span><\/span><\/p>\n<p>Turkish stocks hit their highest since November<br \/>\n2010 ahead of a rate decision expected to result in a cut.<\/p>\n<p><span><\/span><\/p>\n<p>The central bank cut its overnight lending rate for the<br \/>\nfirst time in seven months in September and hinted it could do<br \/>\nmore to try to cushion a slowdown in economic growth.<\/p>\n<p><span><\/span><\/p>\n<p>The forint hit seven-week highs, though stocks<br \/>\n fell from six-month highs set in the previous session,<br \/>\nreflecting broad positive sentiment despite ongoing concern<br \/>\nabout prospects for reaching an aid deal with the IMF.<\/p>\n<p><span><\/span><\/p>\n<p>(Reporting by Carolyn Cohn; editing by Stephen Nisbet)<\/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 Oct 18 (Reuters) &#8211; Emerging stocks hit five-week highs and emerging European currencies mainly rose on Thursday as Chinese third-quarter growth reassured investors, and Turkish stocks rose to their strongest in nearly two years ahead of an expected rate cut. China&#8217;s economy slowed for a seventh straight quarter in July-September, but analysts see recovery [&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-15699","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\/15699","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=15699"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15699\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}