{"id":7438,"date":"2012-01-27T21:13:59","date_gmt":"2012-01-27T19:13:59","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/emerging-markets-buoyed-by-fed-hopes-to-multi-month-highs\/"},"modified":"2012-01-27T21:13:59","modified_gmt":"2012-01-27T19:13:59","slug":"emerging-markets-buoyed-by-fed-hopes-to-multi-month-highs","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-buoyed-by-fed-hopes-to-multi-month-highs\/","title":{"rendered":"EMERGING MARKETS-Buoyed by Fed hopes to multi-month highs"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Emerging shares at four-month highs, buoyed by Fed pledge<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Polish zloty at 4-1\/2 month highs on strong GDP data<\/p>\n<p><span><\/span><\/p>\n<p>* Underperformers Turkey, Hungary benefiting from rally<\/p>\n<p><span><\/span><\/p>\n<p>By Sebastian Tong<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Jan 27 (Reuters) &#8211; Emerging markets touched<br \/>\nmulti-month highs on Friday as the promise of a fresh round of<br \/>\nFederal Reserve stimulus offset investor anxiety over the euro<br \/>\nzone.<\/p>\n<p><span><\/span><\/p>\n<p>Poland&#8217;s zloty edged up to a fresh 4-1\/2 month high as<br \/>\nforecast-beating 2011 GDP figures strengthened expectations of<br \/>\nmore hawkish monetary policy, while appetite for Turkish and<br \/>\nHungarian assets pushed the lira and the forint to their<br \/>\nstrongest levels in weeks.<\/p>\n<p><span><\/span><\/p>\n<p>The Fed&#8217;s mid-week pledge to keep rates near zero until late<br \/>\n2014 supported the mood, as did Fed Chief Ben Bernanke&#8217;s<br \/>\ncomments that the central bank is ready to provide additional<br \/>\nstimulus to spur economic recovery.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We&#8217;ve had the signal that QE3 is on its way at the March or<br \/>\nApril Fed meetings and quantitative easing in the past has been<br \/>\nbeneficial to risky assets in general,&#8221; said Neil Shearing,<br \/>\nsenior economist at Capital Economics.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Valuations are pretty cheap and most emerging economies are<br \/>\nin generally good shape. If we get a sustained recovery in risk<br \/>\nappetite, this rally could go on for a while longer although<br \/>\nthere are problems yet to be fully addressed in the euro zone.&#8221;<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 at four-month highs, buoyed by Fed pledge * Polish zloty at 4-1\/2 month highs on strong GDP data * Underperformers Turkey, Hungary benefiting from rally By Sebastian Tong LONDON, Jan 27 (Reuters) &#8211; Emerging markets touched multi-month highs on Friday as the promise of a fresh round of Federal Reserve stimulus offset [&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-7438","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\/7438","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=7438"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7438\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}