{"id":6988,"date":"2012-01-12T20:36:56","date_gmt":"2012-01-12T18:36:56","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/emerging-markets-stocks-at-5-wk-high-forint-up-1-5pct\/"},"modified":"2012-01-12T20:36:56","modified_gmt":"2012-01-12T18:36:56","slug":"emerging-markets-stocks-at-5-wk-high-forint-up-1-5pct","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-stocks-at-5-wk-high-forint-up-1-5pct\/","title":{"rendered":"EMERGING MARKETS-Stocks at 5-wk high; forint up 1.5pct"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Stocks rise half percent to 5-week high<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Hungarian stocks up 1.7 pct; forint at 2-wk high<\/p>\n<p><span><\/span><\/p>\n<p>* Turk lira hits 1-mth high vs dollar; yields down 10 bps<\/p>\n<p><span><\/span><\/p>\n<p>* Kazakh BTA bank bond at new lows as coupon hopes fade<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Jan 12 (Reuters) &#8211; Emerging equities rose to<br \/>\nfive-week highs on Thursday, adding to gains after successful<br \/>\nbond sales in Spain and Italy while hopes of an IMF loan deal<br \/>\nallowed Hungary to sell more debt than planned, pushing the<br \/>\nforint to two week highs.<\/p>\n<p><span><\/span><\/p>\n<p>By 1245 GMT emerging stocks were up 0.7 percent<br \/>\nbringing gains so far this year to more than 4 percent. Asian<br \/>\nstocks earlier were mostly weaker after Chinese data showed<br \/>\ninflation at 15-month lows, tempering hopes of<br \/>\nmonetary easing.<\/p>\n<p><span><\/span><\/p>\n<p>Emerging European stocks however took their cue from gains<br \/>\non Western bourses, rising 1.6 percent after a<br \/>\nstrong showing at bond auctions in Italy and Spain, with both<br \/>\ncountries seeing a sharp drop in yields.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There&#8217;s generally a better tone across the market, the<br \/>\ntrend has been slightly positive.&#8221; said Roderick Ngotho, an<br \/>\nemerging FX strategist at RBS, citing the generally stronger<br \/>\nU.S. economic data flow in recent days. &#8220;There has been no<br \/>\nadditional new negative news so far this year.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>The Bank of England stopped short of announcing extra<br \/>\nstimulus at its rate meeting while the European Central Bank<br \/>\nleft interest rates unchanged after back-to-back cuts in<br \/>\nprevious months.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Stocks rise half percent to 5-week high * Hungarian stocks up 1.7 pct; forint at 2-wk high * Turk lira hits 1-mth high vs dollar; yields down 10 bps * Kazakh BTA bank bond at new lows as coupon hopes fade LONDON, Jan 12 (Reuters) &#8211; Emerging equities rose to five-week highs on Thursday, [&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-6988","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\/6988","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=6988"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6988\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}