Belarusian-denominated bonds fell 1.7 cents
Risk of Belarusian contagion in Russian: analyst
South African Rand on the Radicality of Closure Restrictions
Turkish lira falls as new coronavirus increases
Expected July inflation awareness in Poland
By Susan Mathew
17 Aug (Reuters) – Belarusian dollar-denominated bonds receded Monday amid political uncertainty, while Turkey’s troubled lira touched new lows with all eyes set at a central bank assembly at the end of the week.
Bonds in Belarus fell 1.7 cents. The country’s leader, Alexander Lukashenko, has rejected calls for a new presidential election amid accusations of vote manipulation, while opposition policy Sviatlana Tsikhanouskaya has declared himself in a position to lead Belarus as protesters invade the capital, Minsk.
Russia has said it will offer military assistance to Lukashenko if necessary.Despite oil prices, the Russian crude oil exporter’s ruble remained solid against the dollar and the euro.
“The outlook for the existing scenario in Belarus remains very volatile, however, we see that contagion threats to Russian assets in terms of higher threat premiums will likely be limited in the short term,” Deutsche Bank strattek Christian Wietoska.
Poland, which supplies its borders with Belarus, said it was following the situation.The zloty rose 0.13% against a more powerful euro before the knowledge of July inflation expected later in the day.north of the central bank’s 2.5% target.
In Turkey, the lira weakened for a fourth consultation amid the country’s COVID-19 account, which rose saturday to its highest point since June, and a further rebuke from the European Union for its plans to drill into disputed Mediterranean waters.
Credit Suisse analysts expect Turkey’s central bank to keep the key interest rate at 8.25% on Thursday, increasing the bank’s liquidity tightening in pounds by opening a one-week repos auction from the start of the month.
Meanwhile, global sentiment has been optimistic, as the postponement of U.S.-China talks has left its Phase 1 industry agreement intact.planned replacement in the policy perspectives.
MSCI’s emerging market currency index is flat, while its stock market counterpart, which marked its fourth direct week in the dark on Friday, rose 0.5% with the help of Chinese equities.
The South African rand won for the fifth consecutive consultation after President Cyril Ramaphosa said that everything indicates that the country had reached the peak of COVID-19 infections and ended the ban on alcohol, tobacco and between provinces, while allowing restaurants to resume their general activities…
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