Analysis On Fixed Income, Fx & Equity Markets

As we head into the final months of the year, we see little to like in Sub-Saharan African (SSA) financial markets. The external environment is increasingly inhospitable with the US... 2011-09-06

BMI View: The Bank of Ghana's decision to keep interest rates on hold rather than cutting them is encouraging, since it shows an awareness of the upside risks to inflation. We see... 2011-09-02

The Botswana Domestic Companies Index (DCI) has seen some downside in recent days, recording a 1.5% slip from a ten month high of 7,412 on August 23 to 7,300 on August 31. This decrease... 2011-09-01

BMI View: Given weak Q211 GDP data as well as various concerns regarding the global economic recovery, we have revised down our forecasts for South African real GDP growth, to 3.3%... 2011-08-31

BMI View: The continued decline of the Nigerian All Share Index demonstrates the ongoing uncertainty regarding the country's immediate future, in terms of regulations, economic... 2011-08-30

The Israeli shekel has depreciated sharply against the US dollar and euro concomitant with global risk aversion in financial markets, and we expect the currency to remain weak over... 2011-08-24

In line with our prediction, markets are now pricing in a small possibility of an interest rate cut in South Africa by year-end (see Rate Cut? Key Risks To Watch, August 16). The chart... 2011-08-19

BMI View: In a worst-case scenario for the US and eurozone economies, we would expect Angola, Botswana, Cameroon, Gabon and South Africa to suffer the most. Yet, we believe that... 2011-08-18

The South African rand has made a bearish break through key support at ZAR6.9200/US$ and from a technical perspective, looks likely to stay relatively weak over the short term. Having... 2011-08-09

Global market turmoil has had an adverse impact on MENA equity markets, and we hold to our view that equities will continue to be roiled by both regional and global headwinds. The steep... 2011-08-09