Analysis On Fixed Income, Fx & Equity Markets

BMI View: Although we hold a broadly neutral view on the JALSH, the outlook differs for the various sectors. In our view, mining and construction stocks look most promising at present.

Since our last monthly market strategy update, technical indicators have improved for many of our regional favourites, and themes such as political risk and monetary policy remain dominant... 2011-04-13

BMI View: Recent developments have only served to reinforce our core view favouring equities over fixed income. However, we are becoming more positive towards currencies in light... 2011-04-08

In line with our view, the Israeli shekel, which was trading at ILS3.4660/US$ on April 5, has appreciated to multi-year highs, and we expect further appreciation over the coming months.... 2011-04-05

Buoyed by a cocktail of positive factors including high oil prices, improved perceptions of regional political risk and a rise in broad global risk sentiment, African eurobonds have... 2011-04-05

BMI View: The outlook for Sub-Saharan African (SSA) currencies is broadly turning more positive amid a weak US dollar, rising global risk appetite and the increasing likelihood of... 2011-04-04

BMI View: The interest rate tightening cycle is well underway in Sub-Saharan Africa, and we anticipate further hikes over the coming months. Local debt yields should rise accordingly.... 2011-04-01

Investor uncertainty continues to weigh on Morocco's All Share Index (MASI) and Tunisia's TUNINDEX, as North African equity markets are set to continue suffering from the effects of... 2011-04-01

Despite the remarkable recovery of the Israeli economy in recent quarters, we are only cautiously optimistic on Israel's Tel Aviv 100 (TA100) equity index for the moment (see our online... 2011-03-24

On balance, we think the consequences of the Central Bank of Nigeria's (CBN) decision to hike rates by 100bps will be positive for the economy. The major risk is that growing difference... 2011-03-22