{"id":7120,"date":"2012-01-17T20:50:01","date_gmt":"2012-01-17T18:50:01","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/emerging-markets-stocks-at-2-month-high-on-china-forint-recovers\/"},"modified":"2012-01-17T20:50:01","modified_gmt":"2012-01-17T18:50:01","slug":"emerging-markets-stocks-at-2-month-high-on-china-forint-recovers","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-stocks-at-2-month-high-on-china-forint-recovers\/","title":{"rendered":"EMERGING MARKETS-Stocks at 2-month high on China; forint recovers"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Emerging shares up 2 pct on China data, German sentiment<br \/>\njump<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* South African shares hit record high, rand extends<br \/>\nrecovery<\/p>\n<p><span><\/span><\/p>\n<p>* Hungary forint up despite concerns over EU sanctions<\/p>\n<p><span><\/span><\/p>\n<p>By Sebastian Tong and Alessandra  Prentice<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Jan 17 (Reuters) &#8211; Emerging stocks leapt 2<br \/>\npercent to their highest in two months on Tuesday as<br \/>\nbetter-than-expected Chinese growth numbers and a record rise in<br \/>\nGerman economic sentiment revived risk appetite.<\/p>\n<p><span><\/span><\/p>\n<p>South Africa&#8217;s All-share index hit an all-time high while<br \/>\nHungary&#8217;s forint reversed a two-session loss, despite<br \/>\nexpectations that the European Commission will soon launch legal<br \/>\naction against Budapest over its policies to curb the<br \/>\nindependence of its media, judiciary and central bank.<\/p>\n<p><span><\/span><\/p>\n<p>Data showing China&#8217;s gross domestic product growing nearly 9<br \/>\npercent in the fourth quarter of 2011, overshadowed news of<br \/>\nStandard and Poor&#8217;s downgrading the credit rating of the euro<br \/>\nzone&#8217;s rescue fund late on Monday &#8211; a step SP said was all but<br \/>\ninevitable after it cut the ratings of nine euro zone member<br \/>\nstates last Friday.<\/p>\n<p><span><\/span><\/p>\n<p>Hopes that the global economy can avoid a prolonged downturn<br \/>\nwere reinforced by a monthly poll of German analyst and investor<br \/>\nsentiment which showed the largest single monthly increase since<br \/>\nthe survey started in 1991.<\/p>\n<p><span><\/span><\/p>\n<p>By 1155 GMT, the key emerging equity index had<br \/>\njumped 2.1 percent while emerging sovereign debt<br \/>\ntightened 5 basis points to trade 388 bps over U.S. Treasuries.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Emerging shares up 2 pct on China data, German sentiment jump * South African shares hit record high, rand extends recovery * Hungary forint up despite concerns over EU sanctions By Sebastian Tong and Alessandra Prentice LONDON, Jan 17 (Reuters) &#8211; Emerging stocks leapt 2 percent to their highest in two months on Tuesday [&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-7120","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\/7120","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=7120"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7120\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}