{"id":7879,"date":"2012-02-11T01:56:47","date_gmt":"2012-02-10T23:56:47","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/emerging-markets-stocks-fx-off-multimonth-highs-greece-weighs\/"},"modified":"2012-02-11T01:56:47","modified_gmt":"2012-02-10T23:56:47","slug":"emerging-markets-stocks-fx-off-multimonth-highs-greece-weighs","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-stocks-fx-off-multimonth-highs-greece-weighs\/","title":{"rendered":"EMERGING MARKETS-Stocks, FX off multimonth highs, Greece weighs"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Shares down 1.4 pct, off six-mth high<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Russian stocks fall on poor Chinese data<\/p>\n<p><span><\/span><\/p>\n<p>* Czech crown down 1.1 pct, large selling rumoured<\/p>\n<p><span><\/span><\/p>\n<p>By Alessandra  Prentice<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Feb 10 (Reuters) &#8211; Emerging stocks fell from<br \/>\nthis week&#8217;s six-month peaks on Friday, as market gloom over<br \/>\nGreek debt talks weighed on risk appetite, while emerging<br \/>\ncurrencies were also broadly down, ending a rally which had<br \/>\nboosted many to multi-month highs.<\/p>\n<p><span><\/span><\/p>\n<p>The market retreat comes amid fresh complications over<br \/>\nGreece, with euro zone finance ministers demanding the<br \/>\ndebt-laden state make further budget cuts before they approve a<br \/>\nnew 130 billion euro ($172.95 billion) bailout.<\/p>\n<p><span><\/span><\/p>\n<p>The MSCI emerging stocks index was down 1.4<br \/>\npercent, heading for its largest daily fall since mid-December,<br \/>\nbut remained well above its 2011 lows. It has risen nearly 15<br \/>\npercent since then, as improved investor sentiment boosted<br \/>\nriskier emerging stocks.<\/p>\n<p><span><\/span><\/p>\n<p>Appetite for emerging assets should remain robust over the<br \/>\nnext few weeks as extra liquidity from the European Central Bank<br \/>\nreenergises the market, said Roderick Ngotho, CEEMEA FX<br \/>\nstrategist at RBS, adding that Greece&#8217;s bond redemption deadline<br \/>\non March 20 could test the rally.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Today&#8217;s just a pull-back &#8230; until we get into the Greece<br \/>\ndates in March we don&#8217;t see much cause for a correction, but<br \/>\nthere may be more pullbacks on profit-taking,&#8221; Ngotho 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 down 1.4 pct, off six-mth high * Russian stocks fall on poor Chinese data * Czech crown down 1.1 pct, large selling rumoured By Alessandra Prentice LONDON, Feb 10 (Reuters) &#8211; Emerging stocks fell from this week&#8217;s six-month peaks on Friday, as market gloom over Greek debt talks weighed on risk appetite, while [&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-7879","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\/7879","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=7879"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7879\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}