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Emerging Markets Gain in Week as Investors Ponder Trump Policies

LAGOS (Capital Markets in Africa) – Emerging-market currencies headed for their longest stretch of weekly gains in 20 months as investors questioned the pace of possible U.S. interest-rate increases. Ukraine’s hryvnia tumbled the most among peers and Turkey’s lira retreated after the biggest surge in more than a year. The MSCI gauge of developing-nation currencies climbed for a second day. A similar equity measure was little changed on Friday, on course for its third weekly advance. Brazil’s…

South Africa’s rand rallies, stocks slide to 10-month low

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South Africa’s rand rallied to its firmest in nearly a month on Tuesday, brushing off a poor economic growth print as a weaker dollar and bets on improvement in commodity prices boosted appetite for emerging currencies. Stocks ended lower in a broad-based sell-off that sent the benchmark index to its lowest level in nearly 10 months as weaker metal prices pressured heavily weighted mining shares. By 1530 GMT the…

South Africa’s Rand Shows a Little Local Strife Can’t Derail Emerging Gains

Posted on by The Editorial Team

JOHANNESBURG, Capital Markets in Africa: For evidence that fundamentals hardly matter in today’s world of easy money, look no further than the rand. In a quarter marked by a political feud between South Africa’s president and his finance minister, stagnant growth and mounting concern that the country may lose its investment-level credit status, the rand returned 11 percent for investors selling the dollar to chase higher yields — more than twice as much as its next-best peer….

Emerging Markets Bounce Back as Fed Seen Holding Rates Steady

Posted on by The Editorial Team

LAGOS, Capital Markets in Africa: Emerging-market stocks rebounded from their biggest weekly drop in four months as optimism that the Federal Reserve will delay raising U.S. interest rates rekindled risk demand. Taiwan’s benchmark equity index jumped the most in a year on speculation demand for Apple Inc.’s latest iPhone model will boost earnings for the island’s suppliers. Hungarian bonds rose for a second day as S&P Global Ratings upgraded the country to investment grade. Russia’s ruble and…

Emerging Assets Resume Rally on Fed as Samsung Surges to Record

Posted on by The Editorial Team

LAGOS, Capital Markets in Africa: Emerging-market currencies rebounded and a gauge of stocks rose to a one-year high as Federal Reserve minutes tempered speculation U.S. interest rates will rise this year, spurring demand for riskier assets. South Africa’s rand led currencies higher as Russia’s ruble and Malaysia’s ringgit gained with crude oil. South Korea’s won rose after its worst one-day loss in almost two months. Equities from Indonesia, Thailand to Turkey and India gained. Tencent Holdings Ltd….

Emerging Stocks Extend Rally as Earnings Buttress Stimulus Bets

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa: Emerging-market stocks headed for the longest streak of weekly gains since Russia’s Crimean invasion ended a similar run in March 2014, on signs corporate earnings are recovering even as central banks extend measures to nurture economic growth. Chinese shares rallied the most in a month as property companies advanced on speculation merger deals will accelerate. Hungary led gains in eastern European equities as the nation’s economy grew more than forecast….

Emerging Markets Halt Brexit Slump on Wagers for Fed Status Quo

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa: Developing-nation stocks and currencies rebounded from a four-day slide as MSCI Inc.’s decision not to include Chinese mainland shares in its indexes buoyed smaller markets and investors wagered the Federal Reserve would adopt dovish language in its Wednesday statement. Equity benchmarks in Hungary, Romania, India and the Czech Republic advanced at least 1 percent each. Chinese stocks traded in Hong Kong also rose as the index provider’s decision late Tuesday meant there…