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EMERGING MARKETS-Emerging stocks to end 2016 with gains after three years in red
2016年12月30日 / 上午10点53分 / 10 个月前

EMERGING MARKETS-Emerging stocks to end 2016 with gains after three years in red

LONDON, Dec 30 (Reuters) - Emerging stocks hit two-week highs on Friday and were set to end 2016 in the black for the first time since 2012, while the top-performing rouble tumbled 2 percent on fears of fresh political strains between Russia and the United States.

There were also jitters about China, where the yuan has fallen almost 7 percent, its biggest annual loss since 1994, the year it started trading. Fears are growing of spiralling capital outflows that could deplete sovereign coffers and cause a crisis in the highly indebted economy.

Broadly though, after three years of weakness caused by slowing economic growth and a stronger dollar, emerging markets found buyers in 2016, even if some of them vanished after Donald Trump’s victory in the U.S. presidential election on Nov. 8.

For an article detailing returns on main emerging assets in 2016 click:

MSCI’s emerging equity index has risen 8.5 percent this year , led by Russia and Brazil, whose currencies too have appreciated the most, up around 20 percent versus the dollar .

The rouble fell 2 percent on Friday, however, as traders booked profits from the currency’s run to 14-month highs after the United States imposed sanctions on Russian intelligence agencies over their alleged involvement in hacking U.S. political groups during the 2016 election

Russia has threatened tit-for-tat measures.

South Africa’s rand fell almost 1 percent against the dollar, reversing part of the advances seen in the past five sessions that were driven by fresh commodity price gains.

South Africa along with Turkey is one of the weak spots in emerging markets, with slow progress on reforms and sluggish growth. Latest data showed private sector credit demand had dropped sharply, with Thomson Reuters data showing this was the lowest in more than five years.

The Turkish lira slipped slightly after data showing a slightly narrower trade deficit for November and is on course to end the year with losses of around 17 percent, a fourth year of losses against the dollar.

Less developed or "frontier" equity markets have lost around 2 percent on the year, lagging their bigger counterparts. But the headline number masks strong performance in some countries, with Pakistan topping the list with a rise of over 30 percent: tmsnrt.rs/2dYsJmH

The worst performer was Nigeria, which has fallen 40 percent this year following a long-delayed devaluation and the economy’s slide into recession.

Sovereign dollar bonds have returned around 9 percent, with average yield spreads over U.S. Treasuries having contracted around 75 basis points over the year . For GRAPHIC on emerging market FX performance 2016, see tmsnrt.rs/2e7eoml For GRAPHIC on MSCI emerging index performance 2016, see tmsnrt.rs/2dZbdP5

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 861.71 +3.27 +0.38 +8.51

Czech Rep 918.97 -0.61 -0.07 -3.91

Poland 1949.41 +3.09 +0.16 +4.85

Hungary 31953.38 +105.51 +0.33 +33.58

Romania 7073.43 +1.15 +0.02 +0.99

Greece 641.59 +4.92 +0.77 +1.62

Russia 1134.73 -9.53 -0.83 +49.89

South Africa 43901.99 -75.35 -0.17 -4.14

Turkey 77871.09 +35.24 +0.05 +8.57

China 3103.40 +7.31 +0.24 -12.31

India 26626.46 +260.31 +0.99 +1.95

Currencies Latest Prev Local Local

close currency currency

% change % change

in 2016

Czech Rep 27.02 27.01 -0.05 -0.07

Poland 4.42 4.41 -0.42 -3.75

Hungary 310.34 310.17 -0.05 +1.39

Romania 4.54 4.53 -0.14 -0.43

Serbia 123.32 123.47 +0.12 -1.50

Russia 61.51 60.33 -1.92 +18.59

Kazakhstan 333.65 333.16 -0.15 +2.05

Ukraine 27.00 27.00 +0.00 -11.29

South Africa 13.72 13.61 -0.80 +12.69

Kenya 102.50 102.40 -0.10 -0.29

Israel 3.84 3.84 +0.02 +1.21

Turkey 3.53 3.52 -0.12 -17.28

China 6.94 6.95 +0.18 -6.47

India 67.91 67.93 +0.02 -2.52

Brazil 3.25 3.25 +0.00 +21.70

Mexico 20.72 20.72 -0.04 -17.15

Debt Index Strip Spd Chg %Rtn Index

Sov‘gn Debt EMBIG 362 -2 .02 7 38.64 1

All data taken from Reuters at 10:33 GMT. Currency percent change calculated from the daily U.S. close at 2130 GMT.

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