The future prospects for Egypt’s insurance market are encouraging, as a result of the improving economic backdrop and very low insurance penetration, according to Moody’s Investors Service. However the market’s growth will
By Lukman Otunuga, Research Analyst, FXTM A sense of unease rattles the financial markets following the mixed response from the China GDP Q3 release of 6.9%. Market participants remain divided as even
By Lukman Otunuga, Research Analyst, FXTM Global sentiment was dealt a blow this week as soft economic data from China renewed the concerns about its slowing pace of growth. Following a mild
By Lukman Otunuga, Research Analyst, FXTM The already vulnerable Dollar received multiple sharp blows on Wednesday as an array of unimpressive economic data releases from the U.S. rapidly decreased the expectations of
Moody’s Investors Service has changed the outlook on Portugal’s banking system to ‘stable’ from the ‘negative’ issued in 2008, reflecting the rating agency’s view that improving operating conditions in Portugal will benefit
By Lukman Otunuga, Research Analyst, FXTM The already vulnerable Sterling was dealt a sharp blow on Tuesday as UK CPI y/y printed below expectations at -0.1%. Inflation has failed to pick up
Despite the prospects of a delayed oil price recovery, Kuwait’s very high levels of economic and fiscal strength will continue to support the country’s credit profile and its Aa2 rating with a
By Jameel Ahmad, Chief Market Analyst, FXTM Equity markets continued their recent run of form with positive momentum remaining as the theme for the financial markets concluding trading for the week. Although
By Lukman Otunuga, Research Analyst, FXTM The lingering effect of Thursday’s dovish FOMC meeting minutes continued to punish the value of the USD in Friday’s European session. A general lack of clarity
By Lukman Otunuga, Research Analyst, FXTM The dovish FOMC meeting minutes dealt a sharp blow to the already vulnerable Dollar on Thursday. September’s meeting minutes continued to lack any real direction on
