{"id":8306,"date":"2012-02-25T02:33:36","date_gmt":"2012-02-25T00:33:36","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/emerging-markets-stocks-just-off-6-mth-highs-oil-worries-weigh\/"},"modified":"2012-02-25T02:33:36","modified_gmt":"2012-02-25T00:33:36","slug":"emerging-markets-stocks-just-off-6-mth-highs-oil-worries-weigh","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-stocks-just-off-6-mth-highs-oil-worries-weigh\/","title":{"rendered":"EMERGING MARKETS-Stocks just off 6-mth highs; oil worries weigh"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Stocks stall near 6-mth highs as oil price weighs on<br \/>\nsentiment<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Oil benefits Russia; stocks jump almost 4 pct, rouble up<br \/>\n1.5 pct<\/p>\n<p><span><\/span><\/p>\n<p>* Turkey hit as oil imports to exacerbate current account<br \/>\ngap<\/p>\n<p><span><\/span><\/p>\n<p>By Sujata Rao<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Feb 24 (Reuters) &#8211; Emerging equities rose on<br \/>\nFriday but failed to regain recent six-month highs, held back by<br \/>\nconcern that soaring oil prices will hurt the fragile world<br \/>\neconomy, while oil-exporter Russia&#8217;s stocks rose and the rouble<br \/>\nhit a 5-1\/2 month high.<\/p>\n<p><span><\/span><\/p>\n<p>Brent crude futures have surged 11 percent this month as<br \/>\ncountries scrabble to source oil supplies from producers other<br \/>\nthan Iran, which is facing Western sanctions over its nuclear<br \/>\nprogramme. Oil hit nine-month highs of almost $124 per barrel.<\/p>\n<p><span><\/span><\/p>\n<p>That is putting a dampener on the optimism generated by this<br \/>\nweek&#8217;s aid deal for Greece, strong growth indicators from<br \/>\nGermany and the liquidity injection expected next week from the<br \/>\nEuropean Central Bank as part of its long-term financing plan.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The sharp moves we saw in January have to a large extent<br \/>\nlost momentum. While the EM outlook has improved due to reduced<br \/>\nrisk of contagion from the euro zone banks, a correction is due<br \/>\nand oil prices are a key potential trigger for that,&#8221; said Mats<br \/>\nOlausson, head of emerging markets research at SEB in Stockholm.<\/p>\n<p><span><\/span><\/p>\n<p>By 1220 GMT, emerging stocks rose 0.6 percent, on<br \/>\ntrack for the second straight week of gains and having risen<br \/>\naround 4.5 percent this month. However, reflecting the oil price<br \/>\nconcerns, share markets in oil importers India and South Korea<br \/>\nbooked their first weekly losses in eight weeks.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Stocks stall near 6-mth highs as oil price weighs on sentiment * Oil benefits Russia; stocks jump almost 4 pct, rouble up 1.5 pct * Turkey hit as oil imports to exacerbate current account gap By Sujata Rao LONDON, Feb 24 (Reuters) &#8211; Emerging equities rose on Friday but failed to regain recent six-month [&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-8306","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\/8306","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=8306"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8306\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}