Analysis On Fixed Income, Fx & Equity Markets
Mozambique
As global prices for food and energy continue to weaken, we expect domestic price pressures to ease accordingly, back to single digits by end-09. Successful structural improvements...
2008-12-03Morocco
The Morocco All-Share Index (MASI) continues to look weak on a technical basis, with further downside likely. There is some support around 10,500, but with the index already down...
2008-12-03Kenya
The Central Bank of Kenya (CBK)'s surprise 50 basis points (bps) interest rate cut to 8.50% on December 1 is likely to make investors nervous at a time of heightened uncertainty,...
2008-12-02Ghana
Our call for resumed weakening of the Ghanaian cedi is playing out, and further significant losses lie ahead. The currency traded at GHS1.2110/US$ at one point on December 1. We are...
2008-12-01Israel
The euro bounce against the dollar could have somewhat further to run, implying further shekel strength, but going forward, we expect the global deleveraging process to continue,...
2008-11-26South Africa
South African consumer price growth, at 12.4% y-o-y in October, has come in slightly below our - and consensus - expectations. Although not a major shock, we believe that the downward...
2008-11-26Kenya
The Kenyan shilling is currently trading sideways, broadly, but we believe it will soon make a decisive move - most likely weakening further. The currency traded at KES78.57/US$ at...
2008-11-25Oman
We don't expect to alter our medium-term bearish stance to GCC equity markets until (a) global markets pick up, and (b) oil prices start to move higher. On the first point, the global...
2008-11-20
