{"id":7632,"date":"2012-02-04T01:40:11","date_gmt":"2012-02-03T23:40:11","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/emerging-markets-turkey-lira-at-3-mth-high-stocks-pause-before-us-jobs-data\/"},"modified":"2012-02-04T01:40:11","modified_gmt":"2012-02-03T23:40:11","slug":"emerging-markets-turkey-lira-at-3-mth-high-stocks-pause-before-us-jobs-data","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-turkey-lira-at-3-mth-high-stocks-pause-before-us-jobs-data\/","title":{"rendered":"EMERGING MARKETS-Turkey lira at 3-mth high, stocks pause before US jobs data"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Stocks flat at multimonth highs ahead of U.S. payrolls<br \/>\ndata<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Turkish lira up 0.2 pct vs dollar<\/p>\n<p><span><\/span><\/p>\n<p>* Emerging equity funds take in $3.5 bln last week<\/p>\n<p><span><\/span><\/p>\n<p>By Alessandra  Prentice<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Feb 3 (Reuters) &#8211; Turkey&#8217;s lira touched a<br \/>\nthree-month high on Friday as data showed January inflation<br \/>\ntopping forecasts, while emerging stocks paused near five-month<br \/>\nhighs ahead of the release of a key monthly U.S. jobs report.<\/p>\n<p><span><\/span><\/p>\n<p>The lira inched higher against the dollar to add to<br \/>\ngains of more than 5 percent since the start of 2012. Data<br \/>\nshowed consumer inflation running at over 10 percent<br \/>\nyear-on-year, indicating the central bank will need to stick to<br \/>\nits tight monetary policy that supports the currency.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Inflation remains too high and they need to deliver tighter<br \/>\nmonetary conditions&#8230;As long as that is being priced into the<br \/>\nmarket then the lira will hold on really well,&#8221; said Lars<br \/>\nChristensen, chief emerging markets analyst at Danske Bank.<\/p>\n<p><span><\/span><\/p>\n<p>However, Turkish bonds shrugged off the inflation numbers as<br \/>\nthe central bank pumped 12 billion lira ($6.83 billion) into the<br \/>\nbanking sector in short-term loans, easing immediate liquidity<br \/>\nconditions.<\/p>\n<p><span><\/span><\/p>\n<p>For Turkey, struggling with huge current account deficits, a<br \/>\nlot rides on global conditions, which recently have been going<br \/>\nin its favour.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Stocks flat at multimonth highs ahead of U.S. payrolls data * Turkish lira up 0.2 pct vs dollar * Emerging equity funds take in $3.5 bln last week By Alessandra Prentice LONDON, Feb 3 (Reuters) &#8211; Turkey&#8217;s lira touched a three-month high on Friday as data showed January inflation topping forecasts, while emerging stocks [&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-7632","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\/7632","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=7632"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7632\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}