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Turkey: Recession fears are driving the trend in global markets again
Recession fears are driving the trend in global markets again. Risk appetite is still very low. Today we expect another negative opening in the market towards 2,380-2,365 band. Net gold imports realised as US$1.3bn in May’22 (May’21: -US$49mn). Russi...
Near term outlook for African bonds is gloomy as inflation pressures build
Oil prices have gapped sharply lower this morning as commodities in general have taken a battering from growing recession concerns. Egypt’s GDP growth rate slowed to 0.8% q/q in Q1 from 4.6% q/q in Q4, reflecting the impact of the war in Ukraine, whi...
Emerging-Frontier Equity Monthly – June: US recession fear, China reopening hope
At the market close on 29 June, MSCI DM was down 7% month to date, EM fared better at down 4%, and less liquid FM was down 5%. Valuation across most of the EM and FM spectrum appears to reflect a lot of distress already; both indices are on c20% disc...


Tellimer's top picks: July 2022
Nigerian bonds have sold off sharply this year, with the spread on the Bloomberg EM Sovereign Nigeria Index rising by 327bps ytd through 17 June versus a 105bps rise in the Aggregate Index. Nigeria’s sell-off has been surpassed only by those of Tunis...


Global Themes /
Global
What investors are thinking: Takeaways from our UK roadshow
We held a series of client meetings in London over the past fortnight, seeing over 20 clients, consisting of a mix of fixed income and equity investors in EM and Frontiers, Africa specialists, and special situations and distress funds. The meetings t...


Daily Credit Briefing
Top Credit Stories BANKS - Termination of coverage CONSUMER - Termination of coverage FINANCIALS - Termination of coverage HIGH YIELD - Termination of coverage: INDUSTRIALS - Termination of coverage