Currency Forecast - Turning Cautious Towards Lira - 25 FEB 2013
Emerging Markets Monitor February 2013 / Turkey / Economy
Recent monetary policy decisions imply that Turkey's central bank is becoming more concerned about supporting growth than aiding the rebalancing process, and as a result we are turning more cautiou...
Market Strategy - Weak Export Recovery No Help To SGD - 25 FEB 2013
Emerging Markets Monitor February 2013 / Singapore / Finance
Following the strong rebound in Singapore's January purchasing managers' index (PMI), we cautioned not to expect a strong recovery in the city-state's export sector in 2013 owing to a still-fragile...
Currency Forecast - ZAR: Depreciation To Prevail - 25 FEB 2013
Emerging Markets Monitor February 2013 / South Africa / Economy
The South African rand is locked into a depreciatory trend channel against the US dollar and looks set to weaken further over the coming months, from both a technical and fundamental perspective. O...
Market Strategy - Regional Asset Class Strategy - 04 FEB 2013
Emerging Markets Monitor February 2013 / Africa / Finance
Our favoured asset in Sub-Saharan African (SSA) financial markets currently is Nigerian local debt. Yields are in the double-digits and falling and the Nigerian naira remains stable. We also contin...
Sovereign Risk Rating - Potential Re-Pricing Of Credit Risk Ahead - 04 FEB 2013
Emerging Markets Monitor February 2013 / Europe / Economy
BMI View: A better external environment has improved emerging Europe's sovereign outlook for 2013, but we see greater potential for relative value plays in regional credit default swap (CDS) market...