{"id":9902,"date":"2012-04-13T16:10:53","date_gmt":"2012-04-13T14:10:53","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/emerging-markets-hungary-assets-hit-by-aid-deal-fears-em-stocks-rise\/"},"modified":"2012-04-13T16:10:53","modified_gmt":"2012-04-13T14:10:53","slug":"emerging-markets-hungary-assets-hit-by-aid-deal-fears-em-stocks-rise","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-hungary-assets-hit-by-aid-deal-fears-em-stocks-rise\/","title":{"rendered":"EMERGING MARKETS-Hungary assets hit by aid deal fears; EM stocks rise"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Emerging stocks off 2-month lows hit after disappointing<br \/>\nChina GDP<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Hungary PM risks more aid delays, stocks near 3-mth low,<br \/>\nforint weaker<\/p>\n<p><span><\/span><\/p>\n<p>* Rand weakens on China slowdown<\/p>\n<p><span><\/span><\/p>\n<p>By Clare Kane<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, April 13 (Reuters) &#8211; Hungary&#8217;s forint fell and the<br \/>\ncost of insuring its debt hit six-week highs on Friday after<br \/>\ncomments from its prime minister appeared to pose another hurdle<br \/>\nto an aid deal, but emerging stocks rose after<br \/>\nweaker-than-expected Chinese GDP made fiscal stimulus more<br \/>\nlikely.<\/p>\n<p><span><\/span><\/p>\n<p>Hungary&#8217;s Viktor Orban said on Friday that political<br \/>\nconditions for aid talks were &#8220;inconceivable and unacceptable&#8221;,<br \/>\nrisking further delays to a multibillion euro financial backstop<br \/>\nthat central Europe&#8217;s most indebted country needs to avoid a<br \/>\nfinancial crisis.<\/p>\n<p><span><\/span><\/p>\n<p>The country remains at loggerheads with Europe over central<br \/>\nbank and other legislation, but its lenders want that dispute<br \/>\nresolved before reaching an aid deal.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;So far the Hungarian government has tried to keep up<br \/>\npositive momentum for the IMF\/EU talks, but this kind of talk<br \/>\nwill weigh on the forint,&#8221; said Carolin Hecht, emerging markets<br \/>\nstrategist at Commerzbank in Frankfurt.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;If they don&#8217;t get a deal done the euro\/HUF above 300 will<br \/>\nbe the new normal.&#8221;<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Emerging stocks off 2-month lows hit after disappointing China GDP * Hungary PM risks more aid delays, stocks near 3-mth low, forint weaker * Rand weakens on China slowdown By Clare Kane LONDON, April 13 (Reuters) &#8211; Hungary&#8217;s forint fell and the cost of insuring its debt hit six-week highs on Friday after comments [&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-9902","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\/9902","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=9902"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9902\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}