Analysis and market intelligence on fixed income, forex and equities in Asia, EMEA and Latin America

Emerging Europe


Latest Stories

Ukraine / Economy

The Ukrainian hryvnia has remained relatively stable since Q309, with the unit trading within a narrow band of UAH7.9510-8.1000/US$ since November. That the currency has not depreciated further throughout the economy's acute recession is primarily a reflection of both ongoing capital controls, in addition to sustained interventions on the foreign exchange market by the National... 2010-03-10


Turkey / Economy

The spike in Turkish headline inflation in February is not expected to fundamentally alter the country's monetary policy outlook, with the majority of the rise accounted for by statistical... 2010-03-04


Czech Republic / Economy

Our European market outlook continues to go in our favour, with bullish calls on the Polish zloty, Russian rouble and long-end Czech treasuries playing out further through to March... 2010-03-03


Analysis On Fixed Income, Fx & Equity Markets

Turkey

The spike in Turkish headline inflation in February is not expected to fundamentally alter the country's monetary policy outlook, with the majority of the rise accounted for by statistical... 2010-03-04


Czech Republic

Our European market outlook continues to go in our favour, with bullish calls on the Polish zloty, Russian rouble and long-end Czech treasuries playing out further through to March... 2010-03-03


Turkey

Risk aversion linked to a potential political crisis in Turkey has hammered the equity market, with the benchmark ISE-100 index falling 7.4% in under four days. Worryingly, the index... 2010-02-25


Turkey

Potential for an upside bounce in the Turkish lira evaporated on February 23, with the currency smashing through trendline support at TRY1.5300/US$. The arrest of seven senior military... 2010-02-24

BMI Sovereign Ratings

BMI View : The end of the regional recession, stabilisation of currencies and the sharp mitigation of external account deficits have significantly improved the sovereign risk outlook... 2010-02-26


BMI View: The ongoing mitigation of systemic macroeconomic risks and concomitant improvement in Emerging Europe's 2010 growth outlook has led to upgrades for nearly every country... 2009-11-19


BMI View: The outlook for sovereign risk across emerging Europe is positive through the medium term, with credit market stabilisation and an improvement in macroeconomic conditions... 2009-07-30


Sovereigns in the Emerging Europe region are facing their greatest macroeconomic and financing challenges in over a decade. The risks to stability we highlighted in our last two Emerging... 2008-10-31

Currency Forecasts

Ukraine

The Ukrainian hryvnia has remained relatively stable since Q309, with the unit trading within a narrow band of UAH7.9510-8.1000/US$ since November. That the currency has not depreciated... 2010-03-10


Romania

Having appeared to tentatively break through major trendline resistance at RON4.1000/EUR at the beginning of February and suggesting further upside potential in the short term, the... 2010-02-24


Russia

Risks of volatility will be pronounced for the Russian rouble in the short term as global market uncertainty weighs on investor risk appetite. Tactically, the rouble will continue... 2010-02-09


Serbia

With the Serbian dinar remaining firmly within a depreciatory trendchannel since November 2009, and pushing through a key level of support at RSD97.00/EUR in early January, the near-term... 2010-02-04