EMERGING MARKETS-Ukraine bonds, Russian rouble jump on hopes of...

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작성자 Willy
댓글 0건 조회 6회 작성일 25-04-15 22:41

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Ukrainian, Russian assets jump on hopes of peace deal

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Markets brace for Trump's reciprocal tariffs

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Turkish current account deficit widens in December

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MSCI EM FX, stock indexes up 0.1% each

By Purvi Agarwal

Feb 13 (Reuters) - Most emerging currencies and stocks were higher on Thursday as the dollar retreated, while assets in Russia and Ukraine jumped on the prospects of a ceasefire in their nearly three-year war.

MSCI's index tracking global EM currencies was up 0.1%, and so was the stocks gauge, after touching a more than two month high earlier in the session.

Investors were optimistic about emerging Europe, hoping that U.S. President Donald Trump's phone calls with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy could end their conflict.

Ukraine's sovereign dollar bonds rallied for a second consecutive day, gaining as much as 2 cents, with the 2035 maturity adding 2 cents to be bid at 60.63 cents on the dollar.

The Russian rouble climbed 3.7% against the dollar, to its highest since September 24, according to over-the-counter market data. Stocks on the Moscow Exchange (MOEX)index surged more than 4%. The euro advanced 0.3% against the dollar.

"Despite the jump in short-dated U.S. rates yesterday, EUR/USD has moved smartly higher on the back of the Trump-Putin story," analysts at ING said.

"Progress on peace in Ukraine could be an important positive for European countries should it deliver lower energy prices and encourage broader investment."

Oil prices fell more than 1%, with investors pricing in a lifting of sanctions on Russia that have disrupted supply flows.

Meanwhile, a report said that China proposed a summit between the U.S. and Russian presidents to help end the conflict.

Elsewhere in Europe, Quora Ads currencies in emerging market economies were little changed against the euro. Stocks in the region rallied, with Poland's main index up 0.7% and Hungary's Budapest stock index up 0.3%.

Israel's shekel was 0.3% higher, while Tel Aviv stocks gained 0.6%.

Turkey's current account deficit narrowed to $9.97 billion in 2024 from nearly $40 billion a year earlier.

South Africa's rand was up 0.2%, while stocks in the resource-heavy country were flat, after hitting a record high level.

Markets also braced for potential reciprocal tariffs from the United States - in line with Trump's vocal threats - on countries that impose duties on U.S. imports.

Elsewhere, the Philippine central bank unexpectedly kept overnight borrowing rate at 5.75% at its latest policy meeting.

Greentown China will buy back $741 million of outstanding bonds and is also planning to issue U.S. dollar-denominated notes as part of a debt refinancing plan.

HIGHLIGHTS:

** Trump says he backs Ukraine, but early concessions to Russia spark concerns

** India's Modi brings a tariff 'gift' to Trump talks

** Ending US aid will heat up sovereign debt fights

** Israel seen as likely to attack Iran by midyear, Washington Post reports

For TOP NEWS across emerging markets

For CENTRAL EUROPE market report, see

For TURKISH market report, see

For RUSSIAN market report, see (Reporting by Purvi Agarwal in Bengaluru Editing by Gareth Jones)

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