К основному контенту

EMEA currencies retreat after strong November, rand up

EMEA currencies retreat after strong November, rand up

(Reuters) - The South African rand dominates emerging markets in Europe, the Middle East and Africa on Tuesday following encouraging statistics from South Africa, while most other currencies declined after significant gains in the month, despite positive data from China.

Rand rallies 0.7% against the dollar by 1:00 pm ET, supported by positive trade data released on Monday despite widening year-on-year budget deficit in October.

"The deepening deficit was due to a slight increase in expenses, while revenues remained at the level of the previous month, analysts at Credit Suisse (SIX: CSGN) said. - The data definitely suggest a stabilization of the financial situation in October after its sharp deterioration due to the pandemic".

The Turkish Lira fell about 1% on Tuesday morning after rising to a two-year peak.

Most emerging markets stocks rallied, pushing the MSCI Emerging Markets Index up more than 1%.

(Barn Warrick in Bangalore. Translated by Alexey Kuzmin)

Комментарии

Отправить комментарий

Популярные сообщения из этого блога

Asia-Pacific stock markets demonstrate optimistic dynamics

Asia-Pacific stock markets demonstrate optimistic dynamics Stock indices of the Asia-Pacific region (APR) countries rise on Tuesday after the data on the Chinese PMI, investors are waiting for the speech of the head of the US Federal Reserve System (FRS) Jerome Powell in the Senate Banking Committee, MarketWatch reports.. The markets are also supported by hopes that large pharmaceutical companies will soon receive permission to distribute their vaccines against the coronavirus infection COVID-19.
1 комментарий
Далее...

Stock Europe grows following the US and Asia-Pacific stock markets

Stock Europe grows following the US and Asia-Pacific stock markets Today, stock indices in Western Europe are going up following futures on US stock indices and stock exchanges in the Asia-Pacific region (APR). The composite index of the largest enterprises in the region Stoxx Europe 600 by 12:35 Moscow time rose by 0.79% and amounted to 392.44 points. The British FTSE 100 indicator rose 1.69%, the German DAX - 0.91%, the French CAC 40 - 0.94%.
1 комментарий
Далее...

Sberbank wants to enter the top 3 e-commerce market by 23Y, bringing its turnover to 500 billion rubles

Sberbank wants to enter the top 3 e-commerce market by 23Y, bringing its turnover to 500 billion rubles MOSCOW (Reuters) - Sberbank expects to become one of the three leaders in the e-commerce market by 2023, follows from the presentations of the top management of Sberbank (MCX: SBER) at the investor's bottom. The first deputy chairman of the state bank Lev Khasis said that while the bank aims to enter the top 3 or top 5 market leaders, but in the future it would like to become the largest player, bringing the turnover of its services in this market to 500 billion rubles.
1 комментарий
Далее...