A XM não fornece serviços a residentes nos Estados Unidos da América.

Stocks, currencies extend slide; China, Ukraine bonds rise



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>EMERGING MARKETS-Stocks, currencies extend slide; China, Ukraine bonds rise</title></head><body>

Updated at 0845 GMT

India's economy to grow 6.5%-7% in 2024/25, govt report says

Polish c.banker Duda says rate-cut talks possible in H2, 2025

Moody's upgrades Turkey's ratings on tight monetary policy

Israel-Hamas deal in focus as Netanyahu heads to Washington

Stocks down 0.5%, FX off 0.1%

By Johann M Cherian

July 22 (Reuters) -Stocks and currencies in developing markets started the week on a dour note, however China's bonds edged up following a surprise central bank policy decision and Ukraine's dollar bonds advanced following a preliminary debt rework deal.

MSCI's index tracking equities in emerging markets .MSCIEF dropped to a near one-month low, extending the previous week's pullback, led by tech-heavy indexes in Taiwan .TWII and South Korea .KS11 which were down 2.6% and 1.1%, respectively.

Following two-straight weeks of gains, the MSCI index logged its steepest weekly loss in nearly two months on Friday.

An index tracking currencies .MIEM00000CUS eased 0.1% against the dollar to more than a two-week low as markets digested U.S. President Joe Biden's decision to bow out of the election race. Mexico's peso MXN=, however, strengthened 0.5%.

Yields on Chinese bonds CN2YT=RR, CN5YT=RR, CN10YT=RR, CN30YT=RR slipped between 2 and 4 basis points (bps) across the curve after the People's Bank of China lowered a key short-term policy rate and its benchmark lending rates.

"While today's rate cuts offer some reassurance that policymakers are being responsive to the recent loss of economic momentum, the heavy lifting will need to come from fiscal, not monetary, policy," said Julian Evans-Pritchard, head of China economics at Capital Economics.

In south Asia, Indian equities .NSEI, BSESN inched 0.1% lower and the rupee INR=IN hit an all-time low of 83.67 to the dollar as caution prevailed ahead of a budget announcement on Tuesday following recent elections.

A finance ministry survey showed India's economy is expected to grow 6.5% to 7% in the current year.

Elsewhere, Turkish equities .XU100 added 0.6%, ahead of a central bank monetary policy decision later in the week. Ratings agency Moody's upgraded the country's ratings to "B1" from "B3", citing improvements in governance and a tighter stance on monetary policy.

Separately, President Tayyip Erdogan, quoted by Turkish media, said a potential change in the U.S. administration after November's election may be positive for Turkey's growing defence industry.

Meanwhile, the yield on Ukrainian dollar bonds maturing in 2034 XS1577952952=TE fell 4.2 bps after the war-torn country announced a preliminary deal to restructure $20 billion in debt with its bondholders.

In central and eastern Europe, Poland's EURPLN= zloty inched up 0.1% against the euro. Local central banker Iwona Duda said inflation would increase at the beginning of 2025, adding that a discussion on interest rate cuts could start only in the second half of next year.

Attention was also on any deal to end the prolonged Middle East conflict as Israeli Prime Minister Benjamin Netanyahu visits Washington this week. The shekel ILS= firmed 0.5%.


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 Johann M Cherian in Bengaluru; Editing by Kirsten Donovan

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
</body></html>

Isenção de Responsabilidade: As entidades do XM Group proporcionam serviço de apenas-execução e acesso à nossa plataforma online de negociação, permitindo a visualização e/ou uso do conteúdo disponível no website ou através deste, o que não se destina a alterar ou a expandir o supracitado. Tal acesso e uso estão sempre sujeitos a: (i) Termos e Condições; (ii) Avisos de Risco; e (iii) Termos de Responsabilidade. Este, é desta forma, fornecido como informação generalizada. Particularmente, por favor esteja ciente que os conteúdos da nossa plataforma online de negociação não constituem solicitação ou oferta para iniciar qualquer transação nos mercados financeiros. Negociar em qualquer mercado financeiro envolve um nível de risco significativo de perda do capital.

Todo o material publicado na nossa plataforma de negociação online tem apenas objetivos educacionais/informativos e não contém — e não deve ser considerado conter — conselhos e recomendações financeiras, de negociação ou fiscalidade de investimentos, registo de preços de negociação, oferta e solicitação de transação em qualquer instrumento financeiro ou promoção financeira não solicitada direcionadas a si.

Qual conteúdo obtido por uma terceira parte, assim como o conteúdo preparado pela XM, tais como, opiniões, pesquisa, análises, preços, outra informação ou links para websites de terceiras partes contidos neste website são prestados "no estado em que se encontram", como um comentário de mercado generalizado e não constitui conselho de investimento. Na medida em que qualquer conteúdo é construído como pesquisa de investimento, deve considerar e aceitar que este não tem como objetivo e nem foi preparado de acordo com os requisitos legais concebidos para promover a independência da pesquisa de investimento, desta forma, deve ser considerado material de marketing sob as leis e regulações relevantes. Por favor, certifique-se que leu e compreendeu a nossa Notificação sobre Pesquisa de Investimento não-independente e o Aviso de Risco, relativos à informação supracitada, os quais podem ser acedidos aqui.

Aviso de risco: O seu capital está em risco. Os produtos alavancados podem não ser adequados para todos. Recomendamos que consulte a nossa Divulgação de Riscos.