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Wednesday, September 23, 2020

Nigerian Banks are very Profitable Analysts say as Scandals and Bailouts Fail to Kill Investors Confidence in Emerging-Market Banks

By Selcuk Gokoluk Idiosyncratic events shrugged off in favor of ‘big picture’ Gauge of EM lenders rallies twice as quick as broader index A $2 billion corruption scandal is rocking India’s banks. Russia has taken over some of its biggest private lenders, while Latvia’s No. 3 bank...

Emerging Currencies Can Weather the Coming Rate-Rise Storm

  Impact of QE unwinding may be less severe than in 2013: Amundi Shrinking deficits, high reserves, low inflation offer cushion As global bonds reel under hawkish rhetoric by major central bankers, AllianceBernstein and Amundi Asset Management say emerging-market currencies will weather the storm better than...

Fixed-income losses send investors surging back into risky junk bond bets

Investors are moving back into high-yield bonds, the riskiest sector of the credit market. Junk bonds have been top performers in the fixed-income market this year. ETF investors had shied away from high-yield earlier...

Emerging Markets in Focus: Nigeria, Chile, S. Africa, Hungary, India

Chile holds the first round of presidential elections Moody’s, S&P to make announcements about South Africa ratings CMC Markets' Yang Is Positive on Emerging Market Equities Chile’s presidential elections, the fate of South Africa’s local-currency ratings and Nigeria’s sale of $2.5 billion of Eurobonds will...

EMERGING MARKETS shares steady with Russian stocks at record high; FX mixed

* Russian stocks hit all-time high * Asian heavyweights shut for Lunar New Year * PMI data across EM countries reflect slowing signs By Agamoni Ghosh Feb 5 (Reuters) - Emerging market stocks steadied on Tuesday with Russian stocks testing all-time highs, while developing world currencies were mixed...

Wells Fargo Analysts Advise Investors ‘Interested’ in Nigerian Equity Market to use Frontier Markets Asset Class

Nigeria, Africa's largest oil producer, has pulled itself out of recession, helped by oil. That sector, however, is in danger of militant attacks, and analysts still worry about the country's fundamentals.   Given those lingering worries and Nigeria's relatively small market, analysts like Peter Donisanu...

Markets Emerging-market assets on the rack as Turkey shatters confidence

A chaotic week for developing nations last week took both stocks and currencies near their lowest levels in more than a year. Aline Oyamada and Andrew Janes, Bloomberg Emerging-market assets may be headed for more tumult as the volatility that gripped nations from Turkey...

How the Emerging Market Bond Bonanza Helps Explain the Global Financialization of Assets

By Tracy Alloway EM debt sales highlight secular stagnation, Macquarie says Ivory Coast, Senegal among countries that have sold this year Would you like a little Ivory Coast with your 16-year Senegalese securities? Perhaps some Ukrainian debt to go with your Iraqi five-year bonds? For...

Analysts see MSCI retain Nigeria in Frontier Index over Recent FX Reforms

Nigeria is waiting to see if it will be dropped out of the frontier index, with some analysts saying that recent moves by the government to free up foreign exchange markets for investors may convince MSCI to stay its hand. Following the recent rebalancing of...

Foreign investors dessert Emerging market as inflows slumps to lowest since January -IIF

NEW YORK, Oct 3 - Foreign investors cut capital flows to emerging market debt and equities in September for the second straight month, reducing inflows to $14.5 billion as caution about the U.S. Federal Reserve’s path of interest rate hikes has slowed flows,...
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