{"id":7555,"date":"2012-01-31T21:24:24","date_gmt":"2012-01-31T19:24:24","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/emerging-markets-stocks-hit-5-mth-high-on-greece-hopes-lira-up\/"},"modified":"2012-01-31T21:24:24","modified_gmt":"2012-01-31T19:24:24","slug":"emerging-markets-stocks-hit-5-mth-high-on-greece-hopes-lira-up","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-stocks-hit-5-mth-high-on-greece-hopes-lira-up\/","title":{"rendered":"EMERGING MARKETS-Stocks hit 5-mth high on Greece hopes, lira up"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Emerging stocks hit highest since early Sept<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Sovereign debt spreads tighten, Romania plans bond<\/p>\n<p><span><\/span><\/p>\n<p>* Lira gains on tight monetary outlook<\/p>\n<p><span><\/span><\/p>\n<p>By Carolyn Cohn<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Jan 31 (Reuters) &#8211; Hopes of a restructuring<br \/>\ndeal for Greek debt boosted emerging markets on Tuesday, pushing<br \/>\nstocks to their highest since early September, while the Turkish<br \/>\nlira rose on a tight monetary policy outlook.<\/p>\n<p><span><\/span><\/p>\n<p>Emerging stocks have risen over 11 percent in January after<br \/>\nfalling more than 20 percent last year, as money-printing<br \/>\nexercises by the Federal Reserve and European Central Bank have<br \/>\ndriven money towards higher-yielding assets.<\/p>\n<p><span><\/span><\/p>\n<p>Eurogroup head Jean-Claude Juncker said Athens might reach<br \/>\nan agreement by the end of the week with private creditors on a<br \/>\nwritedown of Greek debt holdings, echoing comments from Greek<br \/>\nPrime Minister Lucas Papademos at a meeting of EU leaders on<br \/>\nMonday.<\/p>\n<p><span><\/span><\/p>\n<p>An orderly restructuring of Greece&#8217;s debt is expected to<br \/>\ncurb the impact on other highly indebted markets.<\/p>\n<p><span><\/span><\/p>\n<p>The EU summit also agreed that the 500-billion-euro European<br \/>\nStability Mechanism will come into force in July.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Emerging stocks hit highest since early Sept * Sovereign debt spreads tighten, Romania plans bond * Lira gains on tight monetary outlook By Carolyn Cohn LONDON, Jan 31 (Reuters) &#8211; Hopes of a restructuring deal for Greek debt boosted emerging markets on Tuesday, pushing stocks to their highest since early September, while the Turkish [&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-7555","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\/7555","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=7555"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7555\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}