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EMERGING MARKETS-Stocks rise on robust factory data; Deutsche fears allayed

| LONDON

LONDON Oct 3 Emerging equities rose 0.8 percent on Monday, buoyed by robust factory activity data in Europe and Asia, and reports that a fine imposed on Germany's Deutsche Bank may be smaller than initially feared.

The benchmark emerging equity index rose off 10-day lows hit on Friday, tracking developed market gains after a report said Deutsche Bank and the U.S. Department of Justice were close to agreeing a settlement of $5.4 billion, well below the initial $14 billion demand.

The threat of a fresh European banking crisis had pushed Deutsche Bank shares to record lows last week, dragging on European and emerging market sentiment.

Robust manufacturing activity data across emerging markets also lifted investor sentiment, with Hungary, Poland, China , Indonesia and Taiwan performing strongly.

"Overall this goes with our view that emerging markets are doing fairly well - the tide has to some extent turned," said Jakob Christensen, head of emerging markets research at Danske Bank in Copenhagen.

Mainland China was closed for a week-long holiday but Hong Kong gained 1.2 percent and Indonesia shares rose 1.7 percent after export orders touched a four-year high.

Taiwan shares also rose 0.7 percent after September factory activity hit a two-year high.

The strong Asian performance was echoed across emerging Europe, where Budapest shares rose 0.7 percent after factory activity touched its highest September figure since 1995, although this survey tends to be volatile.

The forint weakened slightly against the euro, however, following a referendum on Sunday in which a majority rejected the EU's migrant quotas, although low turnout made the poll invalid.

Polish stocks rose 0.5 percent, with factory activity expanding at the fastest pace in six months , whilst Russian dollar-denominated shares rose almost 1.2 percent after Russian manufacturing was boosted by the sharpest rise in output in nearly two years.

"Clearly the fairly strong macro economic management, together with higher oil prices, is bringing some results (for Russia) and we are looking for positive growth possibly in Q4 and definitely in 2017," said Christensen.

The Russian rouble firmed 0.8 percent against the dollar, helped by a rise in oil prices of almost one percent to above $50 a barrel.

The Kazakh tenge also firmed 0.3 percent before an interest rate review that could cut rates by 50 basis points to 12.5 percent. The central bank has cut rates twice this year by 200 basis points each time.

South African telecoms stock MTN fell one percent and its 2024 Eurobond was down 0.9 cents to the lowest since end-June following a downgrade by Standard & Poor's on Friday to BB+ from BBB-.

The company has denied allegations it illegally repatriated $13.92 billion from Nigeria, its biggest market, where it also faces a fine in a dispute over unregistered SIM cards.

Overall South African shares slipped 0.2 percent but the rand firmed 0.7 percent against the dollar.

Turkish stocks rallied 1.2 percent but the lira slipped 0.23 percent after consumer and producer prices rose less than expected.

Tim Ash, an analyst at Nomura, the data would help the central bank justify its rate-cutting stance and perhaps also lay the way for further easing.

"The (central bank) likely will continue cutting rates and selling this as 'simplification' until it unifies its main policy rates."

Colombian dollar bonds fell around one cent across the curve after voters rejected a peace deal with Marxist FARC guerrillas, plunging the nation into uncertainty.

For GRAPHIC on emerging market FX performance 2016, see link.reuters.com/jus35t

For GRAPHIC on MSCI emerging index performance 2016, see link.reuters.com/weh36s

For GRAPHIC on MSCI emerging Europe performance 2016, see link.reuters.com/jun28s

For GRAPHIC on MSCI frontier index performance 2016, see link.reuters.com/zyh97s

For CENTRAL EUROPE market report, see

For TURKISH market report, see

For RUSSIAN market report, see ) Emerging Markets Prices from Reuters Equities Latest Net Chg % Chg % Chg

on year

Morgan Stanley Emrg Mkt Indx 910.28 +6.82 +0.75 +14.62

Czech Rep 871.87 +8.29 +0.96 -8.83

Poland 1721.00 +11.49 +0.67 -7.43

Hungary 27893.92 +229.67 +0.83 +16.61

Romania 6958.51 +21.67 +0.31 -0.65

Greece 569.59 +4.06 +0.72 -9.78

Russia 1004.88 +14.00 +1.41 +32.74

South Africa 45424.90 -0.69 +0.00 -0.81

Turkey 77249.86 +761.48 +1.00 +7.70

China 3005.51 +7.03 +0.23 -15.08

India 28203.87 +337.91 +1.21 +7.99

Currencies Latest Prev Local Local

close currency currency

% change % change

in 2016

Czech Rep 27.02 27.01 -0.04 -0.09

Poland 4.29 4.29 +0.09 -0.75

Hungary 308.07 307.95 -0.04 +2.13

Romania 4.45 4.44 -0.14 +1.62

Serbia 123.05 122.92 -0.11 -1.28

Russia 62.41 62.87 +0.74 +16.89

Kazakhstan 334.72 335.82 +0.33 +1.73

Ukraine 25.90 25.91 +0.04 -7.52

South Africa 13.65 13.71 +0.44 +13.27

Kenya 101.15 101.20 +0.05 +1.04

Israel 3.76 3.75 -0.30 +3.49

Turkey 3.01 3.00 -0.26 -2.95

China 6.67 6.67 -0.00 -2.65

India 66.49 66.55 +0.09 -0.43

Brazil 3.26 3.26 -0.04 +21.45

Mexico 19.20 19.38 +0.89 -10.59

Debt Index Strip Spd Chg %Rtn Index

Sov'gn Debt EMBIG 359 -1 .03 7 71.83 1

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