Analysis On Fixed Income, Fx & Equity Markets

The government's November 21 announcement that it would not make any significant repayment of arrears in 2012 caused the yield on the US$2032 eurobond to rise to 13.7% on November 22... 2011-11-22

South African assets have not been spared amid the global market jitters. Indeed, the Johannesburg All-Share Index (JALSH) sold off by 1.4% in early trade on November 21, following... 2011-11-21

The Nigerian naira has continued to experience significant volatility on the interbank market since the 275bps hike in early October; however, on balance the currency is slowly strengthening.... 2011-11-16

South Africa's Johannesburg All-Share (JALSH) Index continues to look promising from a technical perspective, but we remain constructive only over a short-term horizon. Since making... 2011-11-14

BMI View: With overnight deposit rates spiking to 21.00% in response to an aggressive rate hike by Kenyan monetary authorities, we have decided to open a bullish KES/US$ position at... 2011-11-02

BMI View: We highlight Kenyan stocks and the Kenyan shilling as markets which look promising. Caution is warranted on Zambian stocks and the Ghanaian cedi. We continue to view local... 2011-11-01

BMI travelled to Nigeria and Ghana in late October 2011 in order to gauge local sentiment and gain on the ground insight into the two economies as well as the wider West African sub-region.... 2011-10-25

Over recent years, African economies have become increasingly prominent on the radar of international firms and investors. Indeed, in an environment of anaemic developed world growth,... 2011-09-22

We are becoming increasingly bearish towards Sub-Saharan African (SSA) FX given the ongoing trends for euro weakness, US dollar strength and a deteriorating outlook for regional macroeconomic... 2011-09-13

A host of factors, both political and economic, have prompted us to take a bearish outlook on Israel's Tel Aviv 100 (TA100) equity index. The index, which closed the week on September... 2011-09-09