{"id":7600,"date":"2012-02-03T01:38:23","date_gmt":"2012-02-02T23:38:23","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/emerging-markets-stocks-hit-new-5-mth-high-fx-at-multi-month-peaks\/"},"modified":"2012-02-03T01:38:23","modified_gmt":"2012-02-02T23:38:23","slug":"emerging-markets-stocks-hit-new-5-mth-high-fx-at-multi-month-peaks","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-stocks-hit-new-5-mth-high-fx-at-multi-month-peaks\/","title":{"rendered":"EMERGING MARKETS-Stocks hit new 5-mth high, FX at multi-month peaks"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Stocks up 1 pct, ECB&#8217;s LTRO continues to boost<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* South African stocks at record high<\/p>\n<p><span><\/span><\/p>\n<p>* Emerging debt spreads narrowest since November<\/p>\n<p><span><\/span><\/p>\n<p>By Alessandra  Prentice<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Feb 2 (Reuters) &#8211; Emerging markets jumped to a<br \/>\nfive-month high for a second day on Thursday, as successful euro<br \/>\nzone debt auctions further whetted risk appetite, while the<br \/>\nPolish zloty touched a new multi-month peak buoyed by data this<br \/>\nweek pointing to solid growth for 2012.<\/p>\n<p><span><\/span><\/p>\n<p>Upbeat U.S., Chinese and German factory output figures this<br \/>\nweek also provided a boost to riskier emerging stocks, which<br \/>\nhave gained more than 13 percent since the start of the year.<\/p>\n<p><span><\/span><\/p>\n<p>Commodity-rich South Africa&#8217;s All-share index leapt to the<br \/>\nhighest in its 17-year history, driven by booming mining stocks.<\/p>\n<p><span><\/span><\/p>\n<p>A long-term refinancing operation (LTRO) from the European<br \/>\nCentral Bank, which provided cheap money to euro zone banks in<br \/>\nDecember, continues to benefit emerging markets, said Luis<br \/>\nCosta, emerging markets strategist at Citi.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It&#8217;s a liquidity rally, we are still seeing the<br \/>\nimplications of the LTRO. The higher this liquidity supply, the<br \/>\nbetter it is for risky assets, and emerging markets are included<br \/>\nin that,&#8221; Costa said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Stocks up 1 pct, ECB&#8217;s LTRO continues to boost * South African stocks at record high * Emerging debt spreads narrowest since November By Alessandra Prentice LONDON, Feb 2 (Reuters) &#8211; Emerging markets jumped to a five-month high for a second day on Thursday, as successful euro zone debt auctions further whetted risk appetite, [&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-7600","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\/7600","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=7600"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7600\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}