Analysis On Fixed Income, Fx & Equity Markets

Saudi Arabia is the only one of the GCC markets looking even remotely promising as we move into 2009, with none of the other six main bourses joining their global counterparts in... 2009-01-05

The Kuwait Stock Exchange General Index is approaching key support at 8,000, and we do not hold out much hope of a bounce at this stage. The macroeconomic outlook continues to deteriorate... 2008-12-22

The pre-emptive move by the South African Reserve Bank to lower its repo rate by 50bps to 11.50% in line with our expectations set the scene for the Bank of Namibia (BoN) to follow... 2008-12-18

As we have warned previously, we believe the risk of a devaluation of the Angolan kwanza is building. The currency traded at AOA75.1470/US$ at one point on December 16, which is notably... 2008-12-16

Despite the recent bounce in Qatar's Doha Securities Market (DSM), we are not prepared to call a bottom yet and remain medium-term bearish. That said, the index appears to have significantly... 2008-12-16

Could 2009 mark the beginning for the recovery for GCC financial markets? We are not convinced yet, given our view that oil prices could fall further, and against the backdrop of... 2008-12-16

The pre-emptive move by the South African Reserve Bank to lower its repo rate by 50bps to 11.50% in line with our call sets the scene for the Bank of Namibia (BoN) to follow suit.... 2008-12-16

The Iranian rial has broken through trendline resistance and at the time of writing on December 15 was trading at IRR9,935/US$. In line with our expectations for further dollar weakness... 2008-12-15

Carried by seemingly unstoppable momentum that has seen the kwacha lose 28.7% of its value against the US dollar since the beginning of November, the unit has broken its previous... 2008-12-15

BMI View: Real GDP growth is set to slow to 6.9% in 2009, from an estimated 9.6% in 2008. Low export earnings (especially for coffee and horticulture) and subdued private investment... 2008-12-15