{"id":7734,"date":"2012-02-08T01:46:41","date_gmt":"2012-02-07T23:46:41","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/emerging-markets-stocks-near-5-mth-peak-rouble-firms\/"},"modified":"2012-02-08T01:46:41","modified_gmt":"2012-02-07T23:46:41","slug":"emerging-markets-stocks-near-5-mth-peak-rouble-firms","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-stocks-near-5-mth-peak-rouble-firms\/","title":{"rendered":"EMERGING MARKETS-Stocks near 5-mth peak, rouble firms"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Shares flat to lower, China index fall weighs<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Romanian CDS fall 7 bps, leu flat despite politics<\/p>\n<p><span><\/span><\/p>\n<p>* Hungarian stocks down 1.5 pct ahead of PM speech<\/p>\n<p><span><\/span><\/p>\n<p>By Alessandra  Prentice<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Feb 7 (Reuters) &#8211; Emerging markets edged away<br \/>\nfrom five-month highs on Tuesday, as  investors awaited concrete<br \/>\nprogress on Greek debt talks, while Russia&#8217;s rouble firmed and<br \/>\nits stocks touched multi-month highs a day after data showed<br \/>\nrecord-low inflation.<\/p>\n<p><span><\/span><\/p>\n<p>Gains on the emerging equities index, which has soared more<br \/>\nthan 14 percent since the start of 2012, were also limited by a<br \/>\n1.6 percent slump in Chinese stocks after hopes for an imminent<br \/>\ncut in Chinese bank reserve requirements were doused.<br \/>\n. China comprises almost 20 percent of the<br \/>\nemerging index.<\/p>\n<p><span><\/span><\/p>\n<p>The MSCI emerging stocks index inched down 0.2<br \/>\npercent, hovering just off August 2011 highs, while emerging<br \/>\nsovereign debt spreads narrowed three basis points to<br \/>\n344 bps over U.S. Treasuries.<\/p>\n<p><span><\/span><\/p>\n<p>Market optimism at the prospect of a second long-term<br \/>\nrefinancing operation (LTRO) from the European Central Bank,<br \/>\nwhich will provide cheap money to euro zone banks later in<br \/>\nFebruary, is mitigated by uncertainty over the euro zone&#8217;s<br \/>\ndebt-laden southern members, said Guillaume Salomon, emerging<br \/>\nmarkets strategist at Societe Generale.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The market is in a bit of transition at the moment. On the<br \/>\npositive side there are debates about liquidity and more<br \/>\nquantitative easing, while the negative is the ongoing concern<br \/>\nabout Greece and the likes,&#8221; Salomon said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Shares flat to lower, China index fall weighs * Romanian CDS fall 7 bps, leu flat despite politics * Hungarian stocks down 1.5 pct ahead of PM speech By Alessandra Prentice LONDON, Feb 7 (Reuters) &#8211; Emerging markets edged away from five-month highs on Tuesday, as investors awaited concrete progress on Greek debt talks, [&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-7734","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\/7734","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=7734"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7734\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}