Analysis On Fixed Income, Fx & Equity Markets

Market expectations regarding South African interest rates have shifted following the latest inflation print, and the majority of participants now agree with BMI that we are likely... 2011-06-08

BMI View: Equities remain our favoured asset class, although selectivity between the markets is key. We favour Nigerian, Ghanaian and Zambian stocks.

BMI View: Several Sub-Saharan African currencies are under pressure, due to US dollar strength as well as various country-specific factors. Nevertheless, we expect the Nigerian naira... 2011-05-19

BMI View: Sub-Saharan Africa faces a difficult period over the coming months, with high inflation and elevated borrowing costs likely to pose challenges to policymakers. Nevertheless,... 2011-05-17

BMI View: The Bank of Ghana's decision to cut interest rates by 50 basis points to 13.00% signals a benign view on inflation, but we believe this is somewhat misplaced. Although price... 2011-05-16

The Kenyan shilling is looking precarious and in our view, could weaken further over the near term. Currently trading at KES85.10/US$, the currency has sold off by over 1.7% against... 2011-05-10

BMI View: Equities remain our favoured asset class, although selectivity between the markets is key. Several new Eurobonds are in the pipeline: we favour the offering from Zambia.

The outlook for Israel's Tel Aviv 100 equity index (TA100) is being weighed down by political risks, and we have changed our medium-term view on the index from cautiously optimistic... 2011-05-03

BMI has been bullish the Mauritian rupee for several weeks and the view is playing out well. As we highlighted on April 4, the 'weak US dollar, rising global risk appetite and the... 2011-05-03

BMI View: An uptick in global risk aversion saw South African and Mauritian equity indices sell off slightly on April 19. However, we reiterate our bullish outlook on our regional... 2011-04-19