History suggests that, if Nigeria’s delayed election on Saturday passes peacefully, the stock market is likely to see a temporary bounce. But over a longer time horizon, global factors are likely to be the bigger driver of local asset prices. Meanwhile, the modest reaction in the markets to South Africa’s budget suggests that policymakers have done just enough to soothe investor concerns.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.