GLOBALES: EMERGING MARKETS-Emerging stocks gain for eighth day; Russian assets lead
 Inicio > Internacionales | Publicado el Martes, 21 de Marzo del 2017
GLOBALES: EMERGING MARKETS-Emerging stocks gain for eighth day; Russian assets lead


Reuters / LONDON, March 21 A further pullback in the dollar and U.S. Treasury yields on Tuesday helped to extend a winning streak by emerging market equities to the longest since last August, while Russian bond yields hit three-year lows on rate-cut expectations.

MSCI's emerging stocks index rose half a percent for an eighth straight day of gains after the U.S. Federal Reserve's relatively dovish tone pushed down the dollar and U.S. yields. The index is up 4.4 percent this month to its highest since August 2015.

Emerging market currencies have also broadly firmed against the dollar, though on Tuesday most retreated after hitting multi-month highs.

The exception was the rouble, as oil prices rose and cash flowed into Russian debt. It touched five-week highs while 10-year bond yields fell as rate cut expectations grew . Russian stocks rose to three-week highs.

The central bank will hold rates at 10 percent this Friday, 15 out of 25 analysts predicted in a Reuters poll, but the number of people expecting a cut has increased since last month as inflation approaches the 4 percent target.

Renaissance Capital analyst Oleg Kouzmin expects no change in rates but told clients that "thanks to the improving inflation outlook, we expect the CBR to soften its rhetoric significantly and provide clear guidance of a rate cut at one of the upcoming meetings".

He predicted a 50-basis-point (bps) cut at the bank's meeting at the end of April, with rates likely to end 2017 at 8.5 to 9.0 percent.

But William Jackson at Capital Economics reckons a 50-bps cut is likely this week.

"The inflation rate … is very near the central bank's target, and it doesn't seem justified having the policy rate at 10 percent when inflation is at 4.5 pct and going down. So the easing cycle could be quite significant from here on," he said.

The Polish zloty has risen strongly, hitting seven-month highs against the euro thanks to data showing robust growth and inflation and slightly more hawkish rhetoric by some central bankers.

"Our sense is that any rate hikes are more likely to come in 2018. But when you have that slight shift coupled with continued very loose monetary policy by the ECB that could provide some support for the zloty," Jackson added.

Markets will also watch Nigeria's central bank meeting for clues on plans to float or devalue the naira after recent tentative moves. The bank is expected to keep interest rates at 14 percent.

As devaluation hopes have faded, the naira has risen in the non-deliverable forwards market, with six-month NDFs now pricing a 354 per dollar rate, down from almost 400 a month ago .

For GRAPHIC on emerging market FX performance 2017, see tmsnrt.rs/2e7eoml For GRAPHIC on MSCI emerging index performance 2017, see tmsnrt.rs/2dZbdP5



For CENTRAL EUROPE market report, see

For TURKISH market report, see

For RUSSIAN market report, see)

Emerging Markets Prices from Reuters Equities Latest Net Chg % Chg % Chg



on year

Morgan Stanley Emrg Mkt Indx 977.88 +5.53 +0.57 +13.41

Czech Rep 985.73 +5.92 +0.60 +6.96

Poland 2295.35 +13.90 +0.61 +17.84

Hungary 32222.53 -135.35 -0.42 +0.69

Romania 7982.67 +15.58 +0.20 +12.67

Greece 644.52 +0.40 +0.06 +0.14

Russia 1131.87 +10.47 +0.93 -1.78

South Africa 45507.67 +198.31 +0.44 +3.66

Turkey 91449.17 +547.06 +0.60 +17.03

China 3262.20 +11.39 +0.35 +5.11

India 29441.63 -77.11 -0.26 +10.57



Currencies Latest Prev Local Local



close currency currency



% change % change



in 2017

Czech Rep 27.02 27.02 -0.01 -0.04

Poland 4.27 4.26 -0.11 +3.18

Hungary 308.68 308.15 -0.17 +0.05

Romania 4.56 4.56 -0.00 -0.55

Serbia 123.74 123.80 +0.05 -0.32

Russia 57.10 57.37 +0.47 +7.29

Kazakhstan 315.48 315.48 +0.00 +5.76

Ukraine 26.86 26.87 +0.04 +0.52

South Africa 12.58 12.63 +0.39 +9.11

Kenya 103.10 103.10 -0.00 -0.71

Israel 3.62 3.62 +0.19 +6.43

Turkey 3.61 3.62 +0.17 -2.28

China 6.89 6.91 +0.19 +0.74

India 65.28 65.32 +0.06 +4.08

Brazil 3.07 3.07 +0.02 +5.92

Mexico 18.97 19.01 +0.19 +9.18



Debt Index Strip Spd Chg %Rtn Index

Sov'gn Debt EMBIG 326 -3 .08 7 65.09 1



All data taken from Reuters at 09:14 GMT. Currency percent change calculated from the daily U.S. close at 2130 GMT. (Additional reporting by Claire Milhench, editing by Larry King)

GLOBALES: EMERGING MARKETS-Emerging stocks gain for eighth day; Russian assets lead

Con Información de Reuters

http://entornointeligente.com/articulo/9756288/GLOBALES-EMERGING-MARKETSEmerging-stocks-gain-for-eighth-day;-Russian-assets-lead/

Síguenos en Twitter @entornoi

Para mas información visite: Mundinews.com


Con FLASHAUTOLEASE.COM adquiere un carro en Miami a los mejores precios del mercado
http://www.flashautolease.com







Otras noticias de interés
Destacadas

Francisco Javier Velasquez VENEZUELA: Maduro nacionalizará a 10.000 colombianos
Francisco Velasquez Vinotinto Femenino con goleada histórica contra Bolivia en Copa América
Escuela Juana Sujo presenta "La Soberbia Milagrosa"  en la Sala Cabrujas de Los Palos Grandes
Victor Gill Ramirez <span style='display:none'>Porfiria Roberto Pocaterra Venezuela Rodgers//</span>
 Luis Szarán en el Foro Mundial Skoll de Emprendedurismo Social
Mejore la productividad de sus colaboradores con la movilidad laboral
Detallistas estaciones TOTAL  son reconocidos y premiados por sus logros
Francisco Velasquez <span style='display:none'>Roberto Pocaterra Venezuela Trevino//</span>
 Este viernes 13 habrá feria de empleo en Luque
Tomas Gonzalez Lacava reapareció en redes sociales luego de semanas de misterioso silencio
Tomas Gonzalez TSJ desde Bogotá dictó orden de captura contra Nicolás Maduro a Interpol
Fundación Yammine entregó donativos a 4 escuelas de fútbol
Elías Matta: Hay que abrir la industria petrolera al sector privado
Francisco Javier Velasquez #VidaFit 7 alimentos que te ayudarán a perder grasa abdominal

Mundo Oriental / Jesús Rincón EL TIGRE. Romel Roque, jefe del Distrito Sanitario Nº 5, informó que el pasado fin de semana, el hampa incursionó en las oficinas pertenecientes a ese...


Union Radio / WASHINGTON.- El vicepresidente estadounidense, Mike Pence, aseguró hoy que en su participación en la Cumbre de las Américas de Perú trabajará “estrechamente con los aliados de Latinoamérica para...


Union Radio / LA HAYA.- La Organización para la Prohibición de Armas Químicas (OPAQ) informó que ha pedido a Siria que “haga los arreglos necesarios” para el despliegue de un equipo...


Union Radio / CARACAS.- El presidente de la Casa Arturo Uslar Pietri, Antonio Ecarri , afirmó que está de acuerdo con la dolarización del país para comenzar a desmontar el sistema...

ATENCION: TODOS LOS CONTENIDOS PUBLICADOS EN ESTE SITE SON PROPIEDAD DE SUS RESPECTIVOS DUENOS, ENTORNOINTELIGENTE NO SE HACE RESPONSABLE POR LOS CONTENIDOS DE TERCEROS. CADA NOTICIA ESTA ASOCIADA AL MEDIO DE ORIGEN.
LOS AVISOS DE GOOGLE SON PROPIEDAD DE GOOGLE Y EN NINGUN MOMENTO GUARDAN RELACION CON LA LINEA EDITORIAL DEL PORTAL ENTORNOINTELIGENTE.COM