In the latest twist to the heavily publicised reserve kerfuffle, President Cristina Fernández has this week replaced her contested decree to tap the country’s foreign exchange buffer with a slightly tweaked order to the same end. According to local media, the central bank, now governed by one of Fernández’s close allies, has already started transferring [Read more...]
The Republic of Congo’s unrated US$ 2029 sovereign bond is now trading at an all-time high, reflecting the strength of global risk sentiment in general, and the appetite for African fixed income instruments in particular. While I don’t see any fundamental reason for the instrument to continue rising, I do think its recovery bodes well [Read more...]
The news that Dubai World, one of the stalwarts of the Dubai economy, is potentially defaulting on its debt is, quite simply, massive. It highlights the sheer scale of a financial crisis that Dubai has been doing its best to keep under wraps for more than a year. The situation is far from clear, but [Read more...]
The North Korean nuclear crisis has been going on for so long now, and has become so repetitive, that like various US high-suspense TV dramas such as ‘24’ and ‘Lost’, it is losing its ability to shock. The cast of characters changes slightly, but the themes and events are fairly constant. (The only real shock [Read more...]
Peru’s IGRA equity index is showing a great deal of respect for the 18-month trendline resistance, as global markets take a breather. The daily relative strength index (RSI) for the bourse is implying that Peruvian stocks are looking overcooked, potentially acting as a sell signal for [Read more...]
Subscribe to our free daily or weekly email newsletters or get our latest posts on your prefered RSS reader.
