{"id":8440,"date":"2012-02-29T14:43:22","date_gmt":"2012-02-29T12:43:22","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/emerging-markets-stocks-hit-6-mth-high-after-ltro-rand-zloty-gain\/"},"modified":"2012-02-29T14:43:22","modified_gmt":"2012-02-29T12:43:22","slug":"emerging-markets-stocks-hit-6-mth-high-after-ltro-rand-zloty-gain","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-stocks-hit-6-mth-high-after-ltro-rand-zloty-gain\/","title":{"rendered":"EMERGING MARKETS-Stocks hit 6-mth high after LTRO, rand, zloty gain"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Stocks hit 6-mth high after LTRO, debt spreads widen<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Rand hits 5-mth high vs dlr, zloty 6-mth high vs euro<\/p>\n<p><span><\/span><\/p>\n<p>* Russian assets firm, Serbian dinar near record low<\/p>\n<p><span><\/span><\/p>\n<p>By Carolyn Cohn<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Feb 29 (Reuters) &#8211; Emerging stocks rose more<br \/>\nthan 1 percent to their highest since early August on Wednesday,<br \/>\nfollowing a high take-up for the European Central Bank&#8217;s cheap<br \/>\nloan offer, and the rand and zloty hit multi-month highs.<\/p>\n<p><span><\/span><\/p>\n<p>A total of 800 banks borrowed almost 530 billion euros in<br \/>\nthe ECB&#8217;s second long-term refinancing operation (LTRO),<br \/>\nbringing the sum of the combined operations to more than 1<br \/>\ntrillion euros.<\/p>\n<p><span><\/span><\/p>\n<p>Much of that extra cash is expected to find its way into<br \/>\nhigher-yielding emerging markets.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The LTRO amount is a little bit bigger than the market was<br \/>\nexpecting &#8230; that&#8217;s quite supportive for emerging markets,&#8221;<br \/>\nsaid Sebastian Barbe, head of emerging markets FX and fixed<br \/>\nincome strategy at Credit Agricole in Paris.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;I don&#8217;t think it will last too long as the rally has been<br \/>\nso strong since start of the year, plus we have the oil prices.&#8221;<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Stocks hit 6-mth high after LTRO, debt spreads widen * Rand hits 5-mth high vs dlr, zloty 6-mth high vs euro * Russian assets firm, Serbian dinar near record low By Carolyn Cohn LONDON, Feb 29 (Reuters) &#8211; Emerging stocks rose more than 1 percent to their highest since early August on Wednesday, following [&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-8440","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\/8440","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=8440"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8440\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}