China stocks lead gains on stimulus hopes, investors digest cenbank decisions

* Turkey's cenbank holds rate at 14% despite surging inflation

* Mexico June inflation tops estimates; cenbank decision eyed

* Philippine hikes rates by 25 bps; peso down

* Russia sent dollar-Eurobond coupon payouts to NSD in roubles (Updates with details)

By Anisha Sircar and Susan Mathew

June 23 (Reuters) - China stimulus hopes lifted emerging market stocks up from six-week lows on Thursday, while developing world currencies were largely flat as central banks in Turkey and Indonesia acted as markets expected.

MSCI's index of emerging market shares .MSCIEF rose 0.2%, as mainland China and Hong Kong stocks .CSI300 .SSEC .HSI jumped more than 1% after President Xi Jinping signalled support to the country's payment and fintech firms.

Among currencies, Turkey's lira TRY= was flat after the country's central bank held the policy rate unchanged at 14% for a sixth straight month, repeating that disinflation was expected to begin despite rampant inflation topping 73% last month.

The currency has tumbled about 23% this year.

"High inflation, falls in the lira and aggressive monetary tightening elsewhere are clearly not enough to persuade Turkey's central bank to lift interest rates," said Jason Tuvey, senior EM economist at Capital Economics.

"Disorderly falls in the lira are a major risk, which would probably be met with capital controls rather than rate hikes."

Meanwhile, data showed Mexico's inflation rose by more than expected in early June ahead of a meeting at which the central bank is expected to raise interest rates again.

"The stronger-than-expected rise in inflation adds to pressure on Banxico to fight stubbornly strong price pressures and will likely trigger a 75 basis point hike," said Tuvey, adding the central bank is likely to continue hiking to a much higher level than investors currently forecast.

Indonesia's rupiah IDR= held on to early gains of 0.2% after its central bank left interest rates at a record low. In contrast, the Philippine peso PHP fell 0.6%, hovering near its lowest in 16 years despite a 25 bps hike.

Elsewhere, the Russian finance ministry said it had fulfilled its obligations on two issues of dollar-denominated Eurobonds "in full" by sending 12.51 billion roubles ($234.5 million) in coupon payments to the National Settlement Depository.

The Russian rouble weakened against the dollar RUBUTSTN=MCX but hovered near seven-year highs. The country's central bank sees further potential to lower interest rates but will need to keep an eye on the dynamics of inflation, First Deputy Central Bank Governor Vladimir Chistyukhin said.

Egypt's central bank is seen raising its overnight deposit rate by 50 basis points, according to a Reuters poll. The Egyptian pound EGP= was flat.

For GRAPHIC on emerging market FX performance in 2022, see Link For GRAPHIC on MSCI emerging index performance in 2022, see Link

For TOP NEWS across emerging markets

For CENTRAL EUROPE market report, see

For TURKISH market report, see

For RUSSIAN market report, see

The lira's long decline Link

Reporting by Anisha Sircar and Susan Mathew in Bengaluru;
editing by Uttaresh.V and Amy Caren Daniel

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。


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。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。