Emerging markets sell-off grinds on, euro dogged by ECB talk

Relentless worries about emerging markets left world stocks struggling near 3-1/2 month lows, weighed on the dollar and sent Russia's rouble and Hungary's forint to long-term lows on Monday. Hungary's forint dropped to a 10-month trough against the dollar as a 1.5 percent drop in its main stock market and a rise in sovereign default insurance costs added to the gloom. "It is a global macro question and global risk sentiment is really at stake here," said John Hardy, head of FX strategy at Saxo bank in Copenhagen. The week ahead provides a raft of global business surveys and jobs data from the United States to offer a clearer view on the global economy, while the European Central Bank (ECB) might well consider easing policy at its meeting on Thursday.

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