Market Watch | - Part 30

Emerging Stocks Extend Rally as Earnings Buttress Stimulus Bets

LAGOS, Nigeria, Capital Markets in Africa: Emerging-market stocks headed for the longest streak of weekly gains since Russia’s Crimean invasion ended a similar run in March 2014, on signs corporate earnings are recovering even as central banks extend measures to nurture economic growth. Chinese shares rallied the most in a month as property companies advanced on speculation merger deals will accelerate. Hungary led gains in eastern European equities as the nation’s economy grew more than forecast….

Emerging Markets Advance as Fed Optimism Sparks Dollar Weakness

Posted on by The Editorial Team

JOHANNESBURG, Capital Markets in Africa: Emerging-market currencies and bonds rallied as traders pushed back forecasts for when the Federal Reserve will increase U.S. interest rates, bolstering demand for higher-yielding assets. Most developing-nation currencies trading on Wednesday strengthened against the dollar, led by the South Korean won, Malaysian ringgit and South African rand. Russia’s ruble fell as oil declined for a second day, while the yuan strengthened the most in almost two weeks. Government bonds rallied, with Polish and…

Emerging Assets Halt Five-Day Gain as Oil Falls, Ringgit Weakens

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LAGOS, Nigeria, Capital Markets in Africa: Emerging-market assets halted a five-day gain as a slide in oil prices sapped demand for higher-yielding assets. A gauge of developing-nation shares dropped from the highest level in a year, led by losses in Slovenia, Estonia and the Philippines. Malaysia’s ringgit fell the most among emerging-nation currencies as the country derives 20 percent of its revenue from energy-related sources. The Korean won weakened as the central bank governor said there was still room to…

Why Listing on a Public Exchange adds value for Business and Investors

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LAGOS, Nigeria, Capital Markets in Africa: Africa has long been regarded as the ‘last frontier’ in terms of economic growth and investors have pinned their hopes on the latent potential of the continent. However, the tapering off of commodities prices following lower demand from China provides evidence that many countries have still been too dependent on oil and other commodities for export. The reliance on commodity-related growth and lack of restructuring in many economies have…

Emerging Markets Rally to One-Year Highs on Stimulus Prospects

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LAGOS, Nigeria, Capital Markets in Africa: Emerging-market stocks and currencies rose to their highest levels in more than a year as prospects for central bank stimulus and a better-than-expected U.S. jobs report fueled demand for higher-yielding assets. Turkish bonds rallied and the lira strengthened after Moody’s Investor Service delayed a potential sovereign downgrade. South Korean stocks rallied after S&P Global Ratings raised the country’ credit ranking. Russia’s ruble rose for a fifth day as oil sold for more than…

Market Watch | Emerging Assets Set for Highest Close in a Year on Oil, Stimulus

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa: Emerging-market stocks and currencies headed for their highest close in a year as a recovery in oil prices and optimism central banks will keep monetary policy accommodative boosted demand for higher-yielding assets. A gauge of developing-market shares was poised for a fourth weekly gain, the longest winning streak since October, after a Bank of England interest-rate cut eased concern the U.K.’s decision to exit the European Union will slow global growth. Malaysia’s ringgit led…

Emerging-Market Stocks End Two-Day Drop on Oil as Rand Rallies

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa: Emerging-market stocks rose for the first time in three days as oil trading above $40 a barrel boosted energy producers. South African bonds and the rand rallied as local election results showed increased support for the main opposition party. Equity markets in Russia and Dubai advanced at least 0.6 percent, helping emerging-market equities rebound from their biggest two-day drop in a month. South Africa’s rand headed for its strongest close in nine months…

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