Latest articles in Macro/Strategy
Flash Report / Lebanon

Lebanon's government resigns amid public backlash

Prime Minister Hassan Diab has announced his government’s resignation after a weekend of public protests, including clashes with security forces, triggered by an explosion at the Beirut Port last week. Lebanon imports c85% of its food consumption, wi...
Tellimer Research Patrick Curran
Patrick Curran @ Tellimer Research 10 August 2020
Strategy Note / Russia

Alfa Strategy: Weekly Radar – Markets on hold as summer holidays arrive

The ruble remained under some pressure, closing the week 0.6% weaker at 73.73. Russia outperformed the MSCI EM index (+1.1% w/w) and the European markets – EuroStoxx600 (+0.4% w/w). Congress fails to agree on a support package, removing a key catalys...
Alfa John Walsh
John Walsh @ Alfa 10 August 2020
Macro Analysis / Global

Egypt: July inflation decelerates; interest rates to remain unchanged

July inflation slowed down reflecting a sharp drop in Food & Beverages prices despite multiple inflationary pressures. Annual inflation driven by its heaviest constituents Food, Utilities, and Healthcare. Inflation to remain below 6.5% during 2H2020;...
Pharos Holding Sandy Eskaros
Sandy Eskaros @ Pharos Holding 10 August 2020
Macro Analysis / Indonesia

Renewable energy faces an uphill battle in Indonesia – here's why

But the new mining law, ratified on 10 June 2020, appeases mining companies which, in turn, are linked to some of Indonesia’s wealthiest and most powerful business groups and politicians. What's wrong with the existing policy? President Jokowi should...
Tellimer Research Vahaj Ahmed
Vahaj Ahmed @ Tellimer Research 10 August 2020
Strategy Note / Global

US weaponises all Tech regulation in China friction, EM Tech in the cross hairs

Alibaba and Tencent (WeChat owner) are the two largest stocks in the MSCI EM index (with about 7.4% and 6.3% weights, respectively) and both fell about 5% the day after Trump's executive order. The tide may be turning not so much on the adoption of n...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 9 August 2020
Strategy Note / Sri Lanka

Sri Lanka: Rajapaksas like it's 2010 in one chart

Super majority evokes hope of decisive policy on security and economy but fear of authoritarianism and fiscal profligacy. Fiscal deficit of 10%, external debt 70% of GDP, IMF deal point to austerity but pressure on economy point to stimulus. Impossib...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 9 August 2020