Turkish inflation concerns rise ahead of rate decision MSCI EM stocks index tumbles Alibaba surges after shrugging off regulatory woes (Adds details, updates prices)
April 12 (Reuters) - Currencies in emerging markets recovered from initial losses, but traded flat on Monday as focus turned to U.S. inflation data due later in the week, while investors pulled out of equities ahead of the corporate earnings season.
The MSCI’s index of emerging market currencies was muted after falling as much as 0.2%, with the U.S. dollar and Treasury yields retreating as investors awaited inflation data due on Tuesday.
Investors feared that a bigger-than-expected spike in inflation could spark another rally in the greenback.
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Foreign net flows to emerging market equity and debt portfolios slowed in March to their weakest in almost a year as rising U.S. yields continue to weigh on EM, with flows excluding China barely making a blip last month, data from the Institute of International Finance showed.
By Reuters Staff
2 Min Read
LONDON, Nov 16 (Reuters) - Suriname’s government has asked creditors for a payment deferral on its two bonds, which total $675 million in size, in what analysts said could be a prelude to a broader debt restructuring.
The government of the South American nation announced the launch of a consent solicitation for its two bonds, due in 2023 and 2026, in a statement on Saturday. The consent solicitation expires on Nov. 23.
The move had been expected after Suriname said late last month that it wanted to make use of a 30-day grace period on its dollar-bond coupon payments due on Oct. 26 to talk to creditors about its debt sustainability issues.
By Reuters Staff
1 Min Read
April 1 (Reuters) - There will be no Asia emerging market report on Friday, April 2, as most markets in the region will be closed for Good Friday.
Reuters will resume coverage of the report on Monday, April 5. (Bengaluru Bureau)