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Thursday, July 9, 2020

Emerging market assets firmer pre-Fed; rupee NDFs firm on election result

The Indian rupee hit 15-month highs on forward markets on Monday after regional elections confirmed the government's grip on power, while other emerging market currencies also firmed as the dollar and U.S. yields slipped from multi-week highs. Markets have priced in an U.S. interest rate...

Nigeria, Hit by soft oil prices, struggles with leadership crisis and economic recession

"Who's running Nigeria?" blared a headline in this week's The Economist, aptly summarizing the state of affairs in beleaguered Nigeria — a major oil producer and African economic powerhouse whose economy appears to be as stricken as its ailing leader. With Nigerian President Muhammadu Buhari...

Oil, equities, emerging markets end year of shocks on triumphant note

LONDON  - Oil prices edged down on Friday but headed for their biggest annual percentage rise since 2009, with world stocks also up nearly 6 percent over the year despite concerns over China's slowing growth and weakening currency. Global markets have fared surprisingly well in...
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