Stocks, FX steady ahead of US data; geopolitics in focus as rouble falls
Updated at 0840 GMT
Rouble weakens past 92 per dollar
Fitch downgrades Israel's credit rating
MSCI reclassifies Kenya indexes
MSCI EM stocks, FX indexes both up 0.06%
By Lisa Pauline Mattackal
Aug 13 (Reuters) -Emerging market stocks were little changed on Tuesday as investors awaited key data this week for clues on the health of the world's largest economies, while the rouble continued to weaken as Russia's fighting with Ukraine intensified.
The rouble RUB= slid past 92 per dollar for the first time in three months as Ukraine continued its biggest attack on Russian territory since the war began.
The rouble has lost nearly 9% against the dollar, and around 9.5% against the euro EURRUB=, since Ukraine's Aug. 6 incursion, according to LSEG data.
Meanwhile, focus is on inflation data from the United States, due Wednesday, for further signals on whether a larger-than-usual interest rate cut, a likely boon for emerging market assets, could be on the table at the Federal Reserve's September meeting.
MSCI's index of emerging market stocks .MSCIEF and the broader EM currency index .MIEM00000CUS were little changed.
U.S. producer price data is also due later on Tuesday. Chinese industrial output and retail sales data later in the week will be closely watched for clues on demand growth and the likelihood of government stimulus.
"Receding U.S. demand will deprive the world economy of its main support, while Chinese demand is unlikely to fill the void given lacklustre economic conditions and relatively timid stimulus, BCA Research said, noting that emerging market equities would be particularly vulnerable.
Further on the geopolitical front, Fitch downgraded Israel's credit rating to "A" from "A-plus" on Monday, citing worsening geopolitical risk while keeping the rating outlook negative.
Israeli assets had come under pressure on Monday prior to the announcement, with stocks .TA125 falling, the shekel ILS= weakening 1.5% against the dollar and an index of government bonds .MERG0IS down nearly 0.5%.
Israeli stock markets were closed for a holiday on Tuesday, but the shekel was slightly stronger against the dollar.
In Europe, the Hungarian forint EURHUF= led regional currency gains against the euro. The euro weakened 0.3% against the forint, and 0.2% versus the Polish zloty EURPLN=.
Among equities, Poland's main stock index .WIG20 edged up 0.1% after its best day since November. Shares of Alior Bank ALRR.WA rose 6.7% after its addition to MSCI's Poland Global Standard Index.
South Africa's rand ZAR= strengthened 0.3% against the dollar ahead of employment and mining data. The rand has risen for the past five sessions.
MSCI added that its Kenya indexes would be reclassified into a "very low liquidity" market category.
HIGHLIGHTS:
** EXPLAINER-What is the Chinese yuan carry trade and how is it different from the yen's?
** Philippines central bank sees room to keep rates unchanged, governor says
** India's weight on key MSCI equity index rises to record high; $3 bln inflows likely
For TOP NEWS across emerging markets nTOPEMRG
For CENTRAL EUROPE market report, see CEE/
For TURKISH market report, see .IS
For RUSSIAN market report, see RU/RUB
For graphic on emerging market FX performance in 2024 http://tmsnrt.rs/2egbfVh
For graphic on MSCI emerging index performance in 2024 https://tmsnrt.rs/2OusNdX
Reporting by Lisa Mattackal in Bengaluru; Editing by Shounak Dasgupta
면책조항: XM Group 회사는 체결 전용 서비스와 온라인 거래 플랫폼에 대한 접근을 제공하여, 개인이 웹사이트에서 또는 웹사이트를 통해 이용 가능한 콘텐츠를 보거나 사용할 수 있도록 허용합니다. 이에 대해 변경하거나 확장할 의도는 없습니다. 이러한 접근 및 사용에는 다음 사항이 항상 적용됩니다: (i) 이용 약관, (ii) 위험 경고, (iii) 완전 면책조항. 따라서, 이러한 콘텐츠는 일반적인 정보에 불과합니다. 특히, 온라인 거래 플랫폼의 콘텐츠는 금융 시장에서의 거래에 대한 권유나 제안이 아닙니다. 금융 시장에서의 거래는 자본에 상당한 위험을 수반합니다.
온라인 거래 플랫폼에 공개된 모든 자료는 교육/정보 목적으로만 제공되며, 금융, 투자세 또는 거래 조언 및 권고, 거래 가격 기록, 금융 상품 또는 원치 않는 금융 프로모션의 거래 제안 또는 권유를 포함하지 않으며, 포함해서도 안됩니다.
이 웹사이트에 포함된 모든 의견, 뉴스, 리서치, 분석, 가격, 기타 정보 또는 제3자 사이트에 대한 링크와 같이 XM이 준비하는 콘텐츠 뿐만 아니라, 제3자 콘텐츠는 일반 시장 논평으로서 "현재" 기준으로 제공되며, 투자 조언으로 여겨지지 않습니다. 모든 콘텐츠가 투자 리서치로 해석되는 경우, 투자 리서치의 독립성을 촉진하기 위해 고안된 법적 요건에 따라 콘텐츠가 의도되지 않았으며, 준비되지 않았다는 점을 인지하고 동의해야 합니다. 따라서, 관련 법률 및 규정에 따른 마케팅 커뮤니케이션이라고 간주됩니다. 여기에서 접근할 수 있는 앞서 언급한 정보에 대한 비독립 투자 리서치 및 위험 경고 알림을 읽고, 이해하시기 바랍니다.
