News:Argos:Romania's economy expanded 8.2 percent in the first quarter 2008

The Virtue of Perfectionism

Romania's leu currency rose on Monday to its highest level in five weeks, boosted by better-than-expected economic data, while emerging assets were mostly weaker on persistent worries about growth and inflation.

Gains in the overnight Asian session provided some support for the benchmark emerging stocks index .MSCIEF which was 0.15 percent higher at 1,211.82 at 1040 GMT, but most emerging stocks and currencies were lower.

"Most emerging markets are weaker in line with most of Europe. The few currencies that are holding up are due to individual country data such as Romania," said Jon Harrison, foreign exchange strategist at Dresdner Kleinwort.

Romania's economy expanded 8.2 percent in the first quarter, outstripping market forecasts of 6.4 percent growth....




High-quality translation services over the Internet - professional solutions for translating all your documents.

>>>Our services