{"id":15736,"date":"2012-10-19T18:09:40","date_gmt":"2012-10-19T16:09:40","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/emerging-markets-turkey-stocks-buck-weaker-emerging-equity-trend\/"},"modified":"2012-10-19T18:09:40","modified_gmt":"2012-10-19T16:09:40","slug":"emerging-markets-turkey-stocks-buck-weaker-emerging-equity-trend","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-turkey-stocks-buck-weaker-emerging-equity-trend\/","title":{"rendered":"EMERGING MARKETS-Turkey stocks buck weaker emerging equity trend"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Oct 19 (Reuters) &#8211; Turkish stocks rose back towards<br \/>\nrecent two-year highs on Friday, while emerging equities overall<br \/>\nfell as investors booked profits after three sessions of strong<br \/>\ngains.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Emerging stocks drifted 0.5 percent lower on a<br \/>\nfalling tide of global sentiment after disappointing earnings<br \/>\nfrom Google Inc and Microsoft Corp. Spain&#8217;s<br \/>\nperceived reluctance to ask for aid was another concern.<\/p>\n<p><span><\/span><\/p>\n<p>Still, the index is set for its biggest weekly gain in a<br \/>\nmonth.<\/p>\n<p><span><\/span><\/p>\n<p>Turkish shares rose 0.3 percent and were on track<br \/>\nfor their third week of gains. The Istanbul index &#8211; one of the<br \/>\nworld&#8217;s best performers this year &#8211; dropped on Thursday after<br \/>\nthe central bank cut overnight lending rates to 9.5 percent from<br \/>\n10.0 percent, less than expected<\/p>\n<p><span><\/span><\/p>\n<p>Benchmark Turkish bond yields slipped to a<br \/>\none-month low.<\/p>\n<p><span><\/span><\/p>\n<p>Elsewhere, Russian stocks fell almost 1 percent on<br \/>\nweaker oil and metal prices.<\/p>\n<p><span><\/span><\/p>\n<p>South Africa&#8217;s rand fell 0.7 percent to the dollar as<br \/>\ninvestors waited for an interim budget due next week and watched<br \/>\nfor signs of a possible end to weeks of labour unrest.<\/p>\n<p><span><\/span><\/p>\n<p>The forint lost more than a quarter percent,<br \/>\nreversing some recent gains, after Hungary said it would not<br \/>\nslash Europe&#8217;s highest bank levy and would double a planned<br \/>\nfinancial transactions tax.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The chances of Hungary striking a swift deal with the IMF<br \/>\nand the EU on financial aid are dwindling, despite very<br \/>\noptimistic comments recently by Prime Minister Viktor Orban,&#8221;<br \/>\nBNP Paribas analysts said in a note.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON Oct 19 (Reuters) &#8211; Turkish stocks rose back towards recent two-year highs on Friday, while emerging equities overall fell as investors booked profits after three sessions of strong gains. Emerging stocks drifted 0.5 percent lower on a falling tide of global sentiment after disappointing earnings from Google Inc and Microsoft Corp. Spain&#8217;s perceived reluctance [&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-15736","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\/15736","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=15736"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15736\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}