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Strong earnings growth is supporting the share market, while the countrys inclusion in international indexes, stronger government finances, and slowing inflation favor fixed income, analysts led by Kamakshya Trivedi, Danny Suwanapruti and Sunil Koul wrote in a note.
The most pivotal South African election in decades is already turning the tide of the country’s financial markets.
(Bloomberg) -- The most pivotal South African election in decades is already turning the tide of the country’s financial markets.Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteEbrahim Raisi, Iranian President Confronting West, Dies at 63Speedier Wall Street Trades Are Putting Global Finance On EdgeSaudi Crown Prince Postpones Japan Trip Over King’s HealthChina’s Housing Rescue Too Small to End Crisis, Analysts SayMoney has been pouring into the country on a
The most pivotal South African election in decades is already turning the tide of the country’s financial markets. Money has been pouring into the country on a bet that the African National Congress (ANC) will win enough of the vote to avoid being forced by left-leaning coalition partners to implement less market-friendly policies. South African bonds absorbed the most cash in April since Bloomberg started tracking the data in 2019, and the trend is continuing in May. Stocks are at a 15-month high. The rand is one of only five emerging-market currencies to strengthen this year.
Sunil Koul, Asia-Pacific equity strategist at Goldman Sachs, shared his analysis of the recent rise in Chinese equities, indicating that this positive trend could continue for some time. He noted that... -May 06, 2024 at 07:14 am EDT - MarketScreener