World and Asian Markets slipped after last month’s gains: the Hang Seng Index fell -2.7% (-2.8% 12 Months), the MSCI Asia ex Japan Index -2.2% (-5.3% 12M), the MSCI AC ASEAN Index -1.2% (+3.0% 12M), and Thai SET Index -1.3% (+8.5% 12M), Knight Mekong Fund -0.9% (+8.4%...
Strengthening of trade wars combined with protectionism growth all over the world as well as the termination of the “Russia investigation” conducted by special prosecutor Robert Mueller led to Russian sanctions issue fading from the picture in the second...
In Russia, despite the fact that the Economic growth in the first quarter of 2019 was lower than the Bank of Russia’s expectations (0.5% vs 1.2%), overall Russia’s macroeconomic measures remain strong, with fiscal surpluses across all tiers and low...
The second quarter was predictably slow in the region as Ramadan and Eid fell in May and June respectively. The MENA region moved in line with global markets during the quarter despite the price of Brent declining by 5%. The performance spread between the different...
After the sharply negative start to the year for Iraqi equities, the market measured by the RS ISX index rallied hard and erased all losses. We have long argued that the market is well set for a market rally and this quarter could well be the starting point. It was...
