\t\t<\/p>\n
\t\t<\/span><\/p>\n <\/span><\/p>\n \n \t\t\u00a9 Thomson Reuters 2011 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":" (The final London emerging report for 2011 will be on Friday, Dec 23. The report will resume on Tuesday, Jan 3.) * MSCI emerging stocks up 0.9 percent * Strong U.S. data lifts risky assets across board * Rouble rises after c.bank rate move; HUF stabilises By Natsuko Waki PARIS, Dec 23 (Reuters) – Emerging […]<\/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-6406","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\/6406","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=6406"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6406\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}(The final London emerging report for 2011 will be on Friday,\nDec 23. The report will resume on Tuesday, Jan 3.)\t\n * MSCI emerging stocks up 0.9 percent\n * Strong U.S. data lifts risky assets across board\n * Rouble rises after c.bank rate move; HUF stabilises\n\n By Natsuko Waki\t\n PARIS, Dec 23 (Reuters) - Emerging stocks edged higher\nand currencies were slightly firmer on Friday as strong U.S.\ndata offered broad support to risky assets, with the rouble\nrising after Russia's central bank unexpectedly hiked deposit\nrates.\t\n Thursday's U.S. data, showing initial jobless claims fell to\na 3-1\/2 year low and consumer morale improved,\nunderscored a positive momentum in the world's largest economy\nat a time when Europe is struggling with a debt crisis.\t\n The benchmark MSCI emerging equity index rose 0.9\npercent, outperforming its developed counterpart \nwhich rose a third of a percent. The index is on track to end\nthe year with a nearly 20 percent loss, wiping out gains of\naround 16 percent in 2010.\t\n The rouble was up 0.7 percent at 31.15 per dollar \nafter Russia's central bank eased its largely-symbolic\nrefinancing rate by a quarter point to 8.00 percent and raised\nits deposit rate, also by a quarter point, to 4.00 percent, in a\ndecision it said was neutral in policy terms.\t\n The bank left its one-day repo rate - the most relevant\npolicy rate at a time of tight market liquidity - unchanged at\n5.25 percent. \t\n Analysts said the twin shift epitomised the central bank's\npolicy dilemma. Slowing growth and falling inflation would argue\nfor looser monetary conditions, but lower interest rates would\nexacerbate capital outflows.\t\n \"A hike in the deposit rate was rather surprising for the\nmarket. The move could help to sterilise liquidity when its\namount increases after year-end money inflows from the budget.\nIt is generally positive for the rouble,\" said Yaroslav\nLissovolik, chief economist at Deutsche Bank.\t\n The Hungarian forint inched up around 0.1 percent to 306.5 \nto the euro, having fallen 1.6 percent in the previous\nsession after SP downgraded Hungary's debt to \"junk\", citing\nthe government's unpredictable policies and a move to weaken the\ncentral bank's independence. \t\n Despite the downgrade, Hungarian Prime Minister Viktor Orban\nsaid the country still planned to pass a controversial central\nbank and financial stability law, in a move which could derail\nHungary's talks about a new deal with international lenders.\n \t\n \"The process of unwinding Hungarian positions has been \ngoing on for a while... The worry will really come next year\nwhen they try to refinance,\" said Lars Christensen, chief\nemerging markets analyst at Danske bank in Copenhagen.\t\n \"A Hungarian default is not our main scenario but the \ngovernment is playing with fire.\"\t\n The Polish zloty was unchanged on the day at\n4.4380 per euro, while the Czech crown gained 0.1\npercent to 25.645 to the euro.\t\n \t\n Emerging Markets Prices from Reuters \t\n Equities Latest Net Chg % Chg % Chg \t\n on year \n \t\n Morgan Stanley \t\n Emrg Mkt Indx 928.16 +8.61 +0.94 -19.39 \n \t\n Czech Rep 899.60 +8.00 +0.90 -26.55 \n \t\n Poland 2152.35 +3.94 +0.18 -21.57 \n \t\n Hungary 17585.86 +123.35 +0.71 -17.54 \n \t\n Israel 1086.18 -6.12 -0.56 -18.11 \n \t\n Romania 4313.24 +5.42 +0.13 -18.13 \n \t\n Russia 1406.02 +9.99 +0.72 -21.96 \n \t\n South Africa 28641.11 +228.08 +0.80 +0.01 \n \t\n Turkey 52172.34 +580.78 +1.13 -20.96 \n \t\n China 2204.78 +18.49 +0.85 -21.48 \n \t\n Brazil 0.00 +0.00 +0.00 -100.00 \n \t\n India 15738.70 -74.66 -0.47 -23.26 \n \t\n \t\n Currencies Latest Prev Local Local \t\n close currency currency\t\n % change % change\t\n in 2011 \n \t\n Czech Rep 25.66 25.63 -0.11 -2.56 \n \t\n Poland 4.43 4.44 +0.07 -10.71 \n \t\n Hungary 306.34 306.75 +0.13 -9.26 \n \t\n Romania 4.29 4.29 +0.16 -1.26 \n \t\n Ukraine 8.02 8.03 +0.07 -0.72 \n \t\n South Africa 8.10 8.18 +1.04 -18.48 \n \t\n Kenya 83.55 83.50 -0.06 -3.65 \n \t\n Israel 3.77 3.78 +0.29 -6.67 \n \t\n Turkey 1.88 1.89 +0.33 -18.42 \n \t\n Brazil 1.85 1.86 +0.29 -10.32 \n \t\n Mexico 13.78 13.82 +0.25 -10.33 \n \t\n \t\n Debt Index Strip Spd Chg %Rtn Index \n \t\n Sov'gn Debt EMBI+ 369 -2 0.03 600.68 \n \t\n \t\n\t\n (Additional reporting by Sujata Rao; Editing by John\nStonestreet)<\/pre>\n