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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

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

Ghanaian cedi gains more than 4% on fiscal optimism

Forex: Ghanaian cedi rallies as debt exchange takes place. Fixed Income: From aggressive rate hikes in 2022 to the growing possibility of aggressive rate cuts in 2023. Macroeconomic: Sub-Saharan Africa PMI average rises back above the 50-point mark.
ETM Analytics Alexa
Alexa Archibald @ ETM Analytics 6 December 2022

Morning Bulletin - 2 December 2022

BSE witnessed some up and down price actions on Thursday, but stick to fairly narrow range in negative territory except the broad index BGTR30 (726.50), which added 0.13%. SOFIX (601.80) retreated from its 200-day MA and slipped 0.27% as investors e....
First Financial Brokerage House Veselin
Veselin Radoychev @ First Financial Brokerage House 2 December 2022

Pakistan OMCs - Nov’22: Major slump in FO volumes dragged overall demand

Petroleum product demand, after a brief period of recovery in October, dampened again in November. Furnace Oil sales led the overall decline in volumetric sales and reduced to 136mnMT (-33% MoM). HSD demand uplift was short lived and fell by 18% MoM....
Intermarket Securities Shahmir
Shahmir Malik @ Intermarket Securities 2 December 2022

Tanking South African rand drags down regional peers with it

Forex: South African rand underperforms against regional peers as a potential political crisis unfolds. Fixed Income: Bank of Botswana leaves rates on hold amid expectations for inflation to slow. Macroeconomic: Economic conditions in Nigeria improve...
ETM Analytics Alexa
Alexa Archibald @ ETM Analytics 2 December 2022