Latin America Economics Update Mining stocks take a hit Latin American equities have mostly sold off over the past month, compounding an already weak start to the year. Hardest hit have been the large mining firms based in the Andes, many of whom appear to... 29th April 2013 · 1 min read
Africa Economics Update Weak rand to provide limited relief for South African manufacturers Growth in South Africa’s manufacturing sector appears to have stagnated in the first quarter of 2013, but some policymakers have suggested that production could soon pick up as a weaker rand helps to... 24th April 2013 · 1 min read
Middle East & North Africa Economics Update Tunisia's IMF deal underlines need for political consensus Tunisia’s IMF deal is a crucial step to helping the economy out of its post-revolution slump. But the agreement also underlines the need for political consensus in the Arab Spring countries in order... 22nd April 2013 · 1 min read
Middle East & North Africa Economics Update Saudi dollar peg here to stay for the long-term Concerns that Saudi Arabia’s dollar peg is no longer suitable in light of the country’s growing trade ties with Asia look wide of the mark. There are a myriad of other tools that Saudi policymakers... 17th April 2013 · 1 min read
UK Markets Chart Pack Lower gilt yields underline safe-haven status The recent fall in gilt yields has reflected a combination of weak news on the UK economy, a renewed rise in safe-haven demand in response to the crisis in Cyprus and a slight building of hopes of... 10th April 2013 · 1 min read
Latin America Economics Update Latest inflation rise tips balance in favour of Brazil rate hike Brazilian inflation breached the upper bound of its target range last month, tipping the balance in favour of a hike in the benchmark Selic interest rate at next week’s COPOM meeting. Nonetheless, it... 10th April 2013 · 1 min read
Global Markets Update More downside for yen than upside for Nikkei? The much more ambitious policy stance adopted by the Bank of Japan should keep the yen on a weakening trend, but the scope for a further boost to Japan’s stock market may be limited. 8th April 2013 · 1 min read
Emerging Europe Economics Update Market rally reverses course Most Emerging European stock markets and currencies have weakened over the past month on the back of the Cypriot crisis and fears of contagion to the rest of the euro-zone. This serves as a timely... 8th April 2013 · 1 min read
Emerging Europe Economics Update Policy easing likely to focus on weaker ruble Pressure is mounting on Russian policymakers to act to stimulate the slowing economy. But unlike in 2008-09, there is little room for a large-scale fiscal stimulus. And substantial cuts in interest... 5th April 2013 · 1 min read
DM Markets Chart Pack Emerging market assets underperform further Emerging market assets continued to underperform in March. The "stripped" spread of the JP Morgan EMBI+ Global Index over Treasuries rose to its highest level since late September 2012, while the MSCI... 4th April 2013 · 1 min read
Africa Economics Update Eurobond yields unlikely to rise sharply After falling in 2012 and early 2013, yields on African eurobonds have edged up over the past few weeks. However, the sell-off in the bond market has not been confined to Africa, as the spread over... 27th March 2013 · 1 min read
Middle East & North Africa Economics Update Bond yields spike in Egypt as IMF deal looks further away Yields on Egyptian dollar-denominated bonds have spiked as an IMF deal looks increasingly distant and concerns over the government’s fiscal position mount. 27th March 2013 · 1 min read
China Economics Update Equity rally reverses China’s equity prices have dropped since late February, bringing to an end the rally that started in early December. Meanwhile, the People’s Bank has resumed large-scale foreign exchange purchases to... 26th March 2013 · 1 min read
Latin America Economics Update Mexican peso bucks EM sell-off Latin American assets and currencies have sold off over the past month as a weaker pace of emerging market growth and fears of an escalation of the euro-zone debt crisis have weighed on investor... 25th March 2013 · 1 min read
Latin America Economics Update New exchange system won’t solve Venezuela’s dollar drought Venezuela’s new foreign exchange system will do nothing to reduce the economy’s reliance upon high oil prices and petro-loans from China. If either of these props give way, “Chavismo” will quickly... 19th March 2013 · 1 min read
Global Markets Update Will there be more contagion from the crisis in Cyprus? The negative reaction in Europe’s financial markets to the decision to "bail in" depositors in Cyprus has been fairly muted so far. Admittedly, the euro fell below $1.30 against the dollar on Monday... 18th March 2013 · 1 min read
