Author: The Editorial Team

LAGOS (Capital Markets in Africa) – Don’t be fooled into believing that the emerging-market rally fueled by a “patient” Federal Reserve will last throughout 2019. Satoru Matsumoto, a fund manager at Japan’s Asset Management One Co., which oversees the equivalent of about $490 billion, said the economic slowdown in China followed by the U.S. amid trade tensions will weigh on assets. While developing-nation stocks just completed their best month since March 2016, and currencies scored the biggest…

JOHANNESBURG (Capital Markets in Africa) – South Africa’s state-owned power utility Eskom Holdings SOCLtd. expects a loss of around 20 billion rand ($1.49 billion) for the financial year through March. The estimated loss “is our view based on December 2018 forecasts to year end,” Eskom said in an emailed reply to questions, and due to higher costs to meet demand and to address generation performance. Eskom has said its situation is unsustainable and the government is…

LAGOS (Capital Markets in Africa) – Commodities burst out of the blocks in the new year, surging more than 5 percent in January as oil posted a record advance. In the first full week of February, investors have a crowded agenda, with events and commentary due from market leaders in metals, energy and agriculture. In iron ore, Cleveland-Cliffs Inc., the largest U.S. producer, reports earnings this week and boss Lourenco Goncalves may offer insights into the state…