Currencies
South African market volatility to intensify in coming weeks
The rand opened weaker on Monday and stayed relatively depressed Tuesday as market uncertainty increased following reports over the weekend that South Africa’s Finance Minister would be arrested. Analysts say the volatility is likely to intensify in the weeks to come.
17 May 2016
Despite a positive outlook, investors to become increasingly picky on EM assets
Although the strong performance of emerging markets looks set to continue, the rally has slowed. Investors are now taking a longer view and are beginning to become much more careful about which investment opportunities they pick.
12 May 2016
Could Banco de Bogota’s bond salvage weak capital ratios?
Banco de Bogota is looking to issue Tier 2 debt but the new issuance is expected to perform worse than the bank’s similar outstanding notes. A weak Colombian peso and high dollar exposure has contributed to weaker capital ratios at the bank, but the dollar exposure provides much needed funding for the bank.
11 May 2016
Video: Henrik Raber, Standard Chartered
Henrik Raber, Managing Director, Global Head Capital Markets, Standard Chartered discusses how low oil prices have affected the performance of Middle Eastern capital markets compared to other emerging markets.
10 May 2016
In China, cloud surrounds capital outflows and FX reserves
Although the latest figures on China show that foreign currency reserves increased last month, the performance of the various hard currencies used in its FX basket means it is difficult to track exactly whether China saved or spent.
10 May 2016
Could China Dominate the World’s Fixed Income Markets?
China has changed the world. After three decades of consistent high growth rates, China has become central to our thinking about where to manufacture goods and how capital flows around the globe. Many countries are now experiencing a slowdown due to lower oil and commodity prices – and this development can be traced back to China’s recent and ongoing deceleration.
9 May 2016
Video: Richard Luddington, Morgan Stanley
Richard Luddington, Vice Chairman, Global Capital Markets, Morgan Stanley,discusses some of the major changes he is seeing in the MENA region’s capital markets and how this compares to what he is seeing in neighbouring regions.
9 May 2016
Emerging markets popularity could ease – but not as a result of dollar action
The recent rebound in the performance of emerging markets has renewed the interest of international investors. Although the threat of an increasingly strong dollar has subsided, and many currencies have stabilised, there remain deep concerns over the future growth of these markets, which could prompt a reversal of fortunes.
6 May 2016
Kazakhstan downgrade has little effect
Kazakhstan has received another rating downgrade due to an economy weakened by low oil prices. Although the country’s currency has performed poorly as of late, worrying entities with dollar denominated loans, its markets have recently been buoyed a revival in oil markets.
4 May 2016
Nigeria inks US$6bn loan, currency swap deal with China
Nigeria’s president Muhammadu Buhari sealed a US$6bn loan and a currency swap deal with China this week as the country continues to search for liquidity to plug its deficit and stimulate economic activity.
14 Apr 2016