Analysis On Fixed Income, Fx & Equity Markets
United Kingdom
We have long maintained a positive view on the Moldovan leu versus its benchmark dollar and euro cross rate and recently highlighted our expectation for continued appreciation in...
2008-08-21Russia
A confluence of negative domestic and foreign political developments alongside weakening global energy prices has impacted the short-term outlook for Russian financial markets across...
2008-08-20Russia
Russian local debt and money markets continue to look weak after the Central Bank of Russia (CBR) further tightened monetary conditions by announcing across-the-board 50bps hikes...
2008-08-19Spain
BMI View: The Spanish housing hangover is kicking in, and it looks nasty. The construction sector - for so long the darling of economic growth - is in a state of paralysis, and...
2008-08-19Turkey
Despite inflation spiking to a 55-month high of 12.1% y-o-y in July, the Central Bank of the Republic of Turkey (CBRT) held its benchmark overnight borrowing rate at 16.75% on August...
2008-08-15Brazil
We are still attracted to the high-yielding fundamentally strong Latin currencies on a medium-term basis. However, with the dollar looking as though it is finally embarking on a broad-based...
2008-08-13Turkey
The Turkish lira hit our short-term upside TRY1.7800/EUR target on August 11, appreciating further to at one point trade at TRY1.7600/EUR on August 12. Having now breached a medium-term...
2008-08-12Russia
The benchmark Russian RTS equity index (RTSI) has continued its downtrend, hitting our short-term target of 1,725 on August 11. Recent downside momentum owing to tightening local...
2008-08-11
