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Fitch downgrades Ghana to one level above default

Forex: Nigeria’s foreign exchange reserves remain under pressure. Fixed Income: Fitch downgrades Ghana’s credit rating on the back of the debt exchange announcement. Macroeconomic: Headline inflation in Egypt surges to a near-5-year high in November.
ETM Analytics Alexa
Alexa Archibald @ ETM Analytics 9 December 2022

Creating a BRICS reserve currency needs more than Russian impetus

A middle-income country challenger to US currency remains long-term project despite Russia’s de-dollarisation. Western measures to isolate Russia complicate closer cooperation within the BRICS+ countries. Not all BRICS+ countries have financial means...
Scope Ratings Levon
Levon Kameryan @ Scope Ratings 8 December 2022
Creating a BRICS reserve currency needs more than Russian impetus
Creating a BRICS reserve currency needs more than Russian impetus

Flat food prices and falling oil prices offer small relief for importers

Food prices down 15% and crude oil down 40% since March 2022 Russia-Ukraine War peak: small relief for importers. Conditions for importers are still difficult with ytd average food and oil prices 15% and 40% higher than full year 2021. Food and fuel....
Tellimer Research Hasnain
Hasnain Malik @ Tellimer Research 8 December 2022
Flat food prices and falling oil prices offer small relief for importers
Flat food prices and falling oil prices offer small relief for importers

Savola | Q4 Update | Panda’s revival remains vital

Food processing segment back profits in 2022f. Panda’s turnaround to be the major growth catalyst. Earnings projected to grow at a 20.8% CAGR between 2021-2024f.
SNB Capital Nauman
Nauman Khan @ SNB Capital 8 December 2022

Turkey: BIST-100 failed to break 5,000 resistance

4,750 is a strong short-term support and we expect it to hold. The profit taking sales should be perceived healthy after the breathless rise in BIST 100 lately. Brent prices are still macro positive.
ATA Invest Batuhan
Batuhan Ozsahin @ ATA Invest 8 December 2022

EM debt default fears have eased, Ghanaian cedi continues to outshine its peers

Forex: Ghanaian cedi extends recovery as debt restructuring takes place. Fixed Income: Emerging market debt default fears have eased. Macroeconomic: Recap of latest Africa interest rate decisions.
ETM Analytics Alexa
Alexa Archibald @ ETM Analytics 8 December 2022