The Markets | - Part 242

African Economies Vulnerability to US Fed rate hike … Ghana the most vulnerable

LONDON, Capital Markets in Africa — Monetary policymakers as well as market analysts routinely cite tightening by the US Federal Reserve among risks to macroeconomic stability. In 2015, the US Federal Reserve has been a major source of uncertainty for the global economy but the markets now expect a rate rise at the Federal Open Market Committee meeting on 15-16 December 2015. Beyond this, rates are expected to follow a gradual upwards path throughout 2016. An important…

Looking into 2016: A Change in Nigerian Market Sentiments, Signs to Watch

Posted on by The Editorial Team

The Nigerian equities market has sustained a bearish run for most of 2015 as issues ranging from a fragile polity, foreign exchange restrictions, stifling monetary policy stance, weakening domestic growth and rising inflationary pressure have weighed in to weaken investor sentiment. While the victory of President Buhari at the polls boosted investor confidence between April and May, the five months of waiting before the eventual inauguration of the cabinet on 11th November 2015 has had a…

Fact from History: Is the party begins for Nigeria’s Equity Investors?

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa — The Nigeria’s Central Bank reduced its Monetary Policy Rates (MPR) by 200 basis points to 11.00 percent against market expectations and the country macroeconomic fundamental outlook. The question is how will Nigerian equity markets reacts to this development? Many investors believe that when rates fall, the party begins for stock prices and rate hike is the party is over for stock prices. Is the party begins for Nigerian…

Nigeria’s GDP Grows by 2.8% Y-o-Y in third quarter of 2015 … Brace for Impact?

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa — The National Bureau of Statistics (NBS) released its Q3:2015 GDP report yesterday; which showed that in spite of the macroeconomic challenges faced during the period, the economy grew 2.8% Y-o-Y (to N18.0tn) in the quarter, 0.5% higher than Q2:2015 Y-o-Y growth (2.4%) but 3.4% lower than Q3:2014 (6.2%, Y-o-Y). The report also indicated that Q-o-Q, the economy expanded 9.2% in real terms, an improvement over 2.6%Q-o-Q growth recorded…

Investment in Africa: Managing Currency Risk — Andrew Gillespie

Posted on by The Editorial Team

Volatility is not a new word for investors in Africa. Events of 2014 and this year across the continent highlight this – especially in the continent’s currency markets. Irrespective of the market, or country; be it via private equity, listed equity, fixed income, or underlying trade and capital flows – managing FX volatility and risk is a constant feature of the evaluation process. For most participants, it is often a frustrating, opaque and expensive exercise,…

African Economic Watch: African Countries Release October Inflation Rates Statistics …

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — Most of the African countries released the inflation rates figure for October in the week ending Sunday 15 November 2015. South Africa also released the production figures for the mining and manufacturing sector and Tanzania’s M3 money supply September data were also released by the Bank of Tanzania. Sudan’s annual inflation rate eased to 13.37 percent in October from a revised 13.56 percent in September, a monthly report…

Africa Equity Weekly | 13 Nov 2015: Uganda, Kenya in the positive but Egypt, Nigeria, South Africa in the red zone …

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — It was a bearish mood this week for most equity markets as news flows from several markets dampened investors’ sentiments. Equally, the impressive US October jobs report released last week which moved the US Fed closer to raising its benchmark interest rate during its next meeting in December further spurred sell-offs in equities. The African equity markets ended in the red zone at the end of Friday 13 November 2015,…

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