Research & Analysis

The release of listed companies’ operational achievements for the second quarter of 2021 took place within a favorable context of economic recovery.

The euro is gaining ground against the dollar this week, appreciating 0.83% to 1.1795. The greenback was penalized by a lower than expected PMI index in the United States.

The Euro has fallen against the Dollar this week by -0.84% to 1.1698. During Thursday's session, the Euro hit 1.1675, i.e. its lowest level since November 2020.

Euro strengthens regains relative to the US dollar. The Euro posted a positive weekly performance against the Dollar, i.e. + 0.30% to 1.1797.

As several countries around the world, Morocco is in turn under pressure on its health system, given the rise of COVID-19 contamination cases during this summer period.

At the end of this week, the euro fell against the dollar by -1.05% compared to last week at 1.176. The EUR/ USD pair thus reached its lowest since the beginning of April 2021.

GHANA : the issuing of an « Unprecedented» Eurobond. The international debt markets continue to be favourable for Eurobond issuance. For this Q2-2021, it is Ghana's turn to raise significant funds of $ 3.0 Bn.

The dollar traded lower against its main counterparts in connection with the latest announcements from the Fed at its last monetary policy meeting. EUR/USD hit its highest since July of 1.189 vs. 1.177 a week ago.

Unsurprisingly, Maroc Telecom's half-year achievements are down compared to 2020. On the basis of annual achievement rates, we have slightly revised our forecasts for the FY 2021.