The Markets | - Part 30

Spot the Dot – Rupert Thompson, Chief Investment Officer at Kingswood

LONDON (Capital Markets in Africa) – Equity markets slipped back a little last week following their recovery over the previous two weeks. But it is government bonds, rather than equities, which remain the real focus of attention at the moment. If there is one variable market strategists are obsessing over at the moment, it is the 10-year US Treasury yield. It rose further last week to 1.73% and is now up as much as 0.82%…

What Happens when a Slot Game is Discontinued?

Posted on by The Editorial Team

All good things must come to an end, so they say – and sadly that is just as true of slot games as anything else. TV shows can be axed, books can be removed from publishers’ lists, and slot games can be discontinued, just like unwanted dishes on a restaurant menu – discover here. But what does this mean, and is there anything you can do if your much-loved slot game has been brought to…

World’s Top Real Rate Is Just Right for Egypt: Decision Guide

Posted on by The Editorial Team

CAIRO (Capital Markets in Africa) — Spiking U.S. Treasury yields and a rise in global commodity prices mean Egypt is likely to leave the world’s highest real interest rate unchanged on Thursday. With investors fleeing riskier assets, Egypt’s focus will likely be on retaining the competitive edge that’s driven foreign investment in its debt to a record high. All 12 economists surveyed by Bloomberg predict the central bank’s Monetary Policy Committee will hold its benchmark deposit rate…

Bonds Plunge, Stocks Undo Gains on Inflation Risk: Markets Wrap

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) — Inflation concerns are rattling investors worldwide once again, fueling a selloff in bonds and sending U.S. stocks down from record highs. Ten-year Treasury yields climbed above 1.75% for the first time since January 2020, while the 30-year breached 2.5% for the first time since August 2019. The Nasdaq 100 Index, a benchmark for high-valuation stocks that are sensitive to rising yields, sank, with Apple Inc., Microsoft Corp. and Tesla…

Online trading: Beginning the journey to online trading

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Online trading is becoming increasingly popular, with Modern Trader reporting that the number of global online traders has grown from 9.5 million four years ago, to more than 15 million today. Dany Mawas, Regional Director at INFINOX, a leading CFD and FX broker with an international presence including in Africa, attributes this growth to technological advances, which makes trading convenient and fast. Traders can now trade from anywhere and at…

Time to be Small -Rupert Thompson, Chief Investment Officer at Kingswood

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – Equity markets recovered some of their mojo last week. Global equities gained 2.0%-2.5% in sterling and local currency terms respectively and are now only 0.5%-1.0% below their mid-February peak. In the US, a number of equity indices have touched new all-time highs in recent days. The S&P 500, which is the benchmark generally used by professional investors and measures the performance of the largest 500 stocks, inched above its…

Yields Have a Long Way to Go Before They Sting Yellen’s Treasury

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) — As rising government bond yields stir up angst on financial markets, one person who sounds unfazed is U.S. Treasury Secretary Janet Yellen. Her own go-to measure of debt costs is headed in the opposite direction. Interest payments on the national debt fell last year, to $345 billion or 1.6% of gross domestic product. They’re on track to shrink further in 2021 — even after all the pandemic spending, plus a debt-market…

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