Boeing finally speaks

The UK House of Commons Speaker threw a Brexit curve ball by pronouncing that the Prime Minister would not be able to bring er Exit Plan for another vote unless it was substantially modified. Essentially he has guillotined a Theresa May's Ground Hog Day.

The markets with had rallied Sterling sharply in 2019 and in fact Sterling was the best performing G-10 Currency in 2019 but of late has been brought down a peg or two off its 2019 highs.

With the exception of Qatar, every country ETF is positive in 2019 with average return of +11%. Best start to a year since 1987. [Charlie Billelo]

The ⁦@jpmorgan⁩ global FX volatility index this week fell to its lowest level since September 2014, and is down by about one-quarter so far this year. 

Excluding a skittish British pound, the average one-month implied volatility of G7 currencies is now sitting around a level of 6, “and less than 1 volatility point away from the all-time low set in the summer of 2014,” notes Mandy Xu ⁦@CreditSuisse⁩.

We know lives depend on the work we do, and our teams embrace that responsibility with a deep sense of commitment every day. Our purpose at Boeing is to bring family, friends and loved ones together with our commercial airplanes—safely

"Our mission is to connect people and nations, protect freedom, explore our world and the vastness of space, and inspire the next generation of aerospace dreamers and doers—and we'll fulfill that mission only by upholding and living our values. That's what safety means to us. Together, we'll keep working to earn and keep the trust people have placed in Boeing.

There is a lot of excitement about the Jumia listing expected imminently at the NYSE.

Ghana, the proud owner of the worse performing currency in 2019 out of 140 that I track lobbed out $3b worth of Eurobonds Tuesday, sold the debt in a three-part deal with average maturities of seven, 12 and 31 years, according to a person familiar with the matter, who asked not to be identified.

The shortest tranche was priced to yield 7.875 per cent, after initial guidance of around 8 to 8.5 percent, the person said. 

Finance Minister Ken Ofori-Atta told @BloombergTV investors placed $20bn of orders. These are heady days and the liquidity firehose is full on.

African sovereign dollar bonds have returned 9.5 per cent in 2019, the most among emerging-market regions, according to JPMorgan indexes.

Kenya Treasury might wish to get their skates on. 

The Kenya Shilling which rallied 2.35% since the start of the year to a multi year high of 99.60 in the second week of March was last trading at 100.95.

Safaricom rallied +1.964% to close at 28.55 and traded 3.771m shares. Safaricom is +28.60% in 2019 as Investors upgraded the M-Pesa earnings curve particularly since the blow-out launch of Fuliza. 

The debate about Kenya Airways and the proposed ''tie-up'' with KAA is of national interest. if we have any ambitions with regard to being a gateway and hub then it's critical that KQ is put on an even keel. The market firmed +0.78%.

StanBic Holdings with served up some mouth-watering FY 18 earnings rallied 5.26% to close at 100.00 on light trading. 

EABL rallied +1.74% to close at 205.00 and traded 535,200 shares and is +17.31% in 2019 after releasing some well received H1 earnings. 

KenGen eased -1.06% to close at 5.60 and traded 2.9M shares. The market is yet to price in the already announced geographical extension. 

Carbacid Investments reported a -36.92% decline in  HY 2019 Earnings Per Share and issued a full year profit warning.  

''Group profit after tax has been impacted by a substantial drop in the value of investments in equities in the Nairobi Securities Exchange and Dar-es-Salaam (DSE) Stock Exchange, by Shs 48 million.'' 

Carbacid closed -0.11% at 9.13 and is -8.00% year to date.