- 15th Edition Connected Banking Summit – Innovation and Excellence Awards 2024
- FTSE 100 back in the red amid inflation update and earning season ramp up
- Rethinking Card Issuing in an Age of Fintech Disruption
- 5th Edition Connected Africa- Africa's Premier Telecom Summit
- BRVM Investment Days Roadshow Return to Johannesburg
Bank of America Closes Long Nigeria Trades, Seeing Oil Correction
LAGOS, Nigeria, Capital Markets in Africa: Bank of America closes recommendation to short ZAR/RUB, long Russia 2043 Eurobond vs Turkey 2043, seeing crude oil “vulnerable to a correction” in short term, analysts David Hauner and Arko Sen say in note to clients. Also closes long Nigeria 2023s vs Ivory Coast 2024s trade. In long term Bofa remains positive on oil, seeing Brent “consistently above $50” from 4Q in 2017. In addition, Bofa continues to likes Russian money mkt rates as policy interest rates may fall further. In rates it’s “worth to accept possible short-term currency volatility”
Source: Bloomberg Business News