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
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
