Weekly coverage of fixed income, FX, interest rates, commodities, equities and funds across emerging markets
We continue to believe that Argentina is likely to reach a negotiated settlement with holdout investors, those who have refused restructuring offers on outstanding defaulted sovereign debt, and evidence that this view is playing out is fuelling a broad rally in Argentine financial assets Once reached, such a settlement would substantially de-risk Argentina's restructured sovereign debt, and as...
Middle East & North Africa Asset Class Strategy
We believe that Vietnam's balance of payments will continue to strengthen over the coming years, and could eventually post a surplus in both the current and financial accounts, a sign of improving...
The Bank of Ghana will hike interest rates by an additional 100bps over the coming months but inflation will remain firmly above target owing to severe currency depreciation which will push up...
The South African rand will range-trade for the remainder of 2014 and then subsequently depreciate in 2015 and 2016. The main drivers of this weakness will be a sustained current account deficit and tepid inflows of foreign investment.
The South African rand will range-trade for the remainder of 2014 and subsequently depreciate in 2015 and 2016. The Nigerian naira will remain volatile over the next six months due to downside...
The Nigerian naira will remain volatile over the next six months due to downside pressures from upcoming elections and shifting global financial market sentiment. The launch of a USD2.0bn eurobond...
We believe a negotiated settlement that avoids a bond default represents the most likely outcome to the long-running legal battle in US courts between the Argentine government and bond investors...
The naira will remain volatile over the next six months as downside pressure will emanate from the approach of elections and shifting global financial market sentiment. However central bank support...
The Romanian leu (RON) remains one of our currency picks in emerging Europe, despite our RON/EUR view not going the way we anticipated this month. Nevertheless, we continue to like the RON versus...
